Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



Pasadena, CA

Fri Dec 06 2019
This week the median list price for Pasadena, CA is $1,599,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 151. Click here to stay informed with the Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Pasadena, CA

Fri Dec 06 2019
This week the median list price for Pasadena, CA is $1,599,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has held steady at or around 151. Click here to stay informed with the Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,599,000
Per Square Foot $640
Days on Market 103
Price Decreased 40%
Price Increased 4%
Relisted 14%
Inventory 151
Median Rent $3,550
Most Expensive $12,980,000
Least Expensive $435,000
Market Action 45
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,998,000 5,193 0.5 - 1 acre 5 4 73 5 1 137
$2,241,500 3,314 0.25 - 0.5 acre 4 3 68 1 6 122
$1,199,949 1,955 8,000 - 10,000 sqft 3 1 82 5 5 73
$856,500 1,544 6,500 - 8,000 sqft 3 1 90 6 15 80