Your Real Estate Market Update

Pasadena, CA

Single-Family Homes

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



Pasadena, CA

Sun Aug 18 2019
This week the median list price for Pasadena, CA is $1,399,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 206. Click here to stay informed with the Pasadena market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Pasadena, CA

Sun Aug 18 2019
This week the median list price for Pasadena, CA is $1,399,000 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has held steady at or around 206. Click here to stay informed with the Pasadena market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,399,000
Per Square Foot $605
Days on Market 85
Price Decreased 44%
Price Increased 2%
Relisted 15%
Inventory 206
Median House Rent $3,500
Most Expensive $13,988,000
Least Expensive $485,000
Market Action Index
Slight Seller's Advantage
42

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$3,200,000 4,693 0.5 - 1 acre 5 4 68 4 4 105
$1,749,000 2,949 0.25 - 0.5 acre 4 2 67 7 5 83
$1,159,500 2,002 8,000 - 10,000 sqft 3 1 79 9 7 70
$793,500 1,373 6,500 - 8,000 sqft 3 1 94 6 9 81