Pango Group
Altadena, CA 91001
Single-Family Homes
www.pangogroup.com
Altadena, CA 91001
Wed Dec 04 2024
This week the median list price for Altadena, CA 91001 is $1,812,450 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has decreased to 26.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have recently resumed upward pressure.
Real-Time Market Profile
| Median List Price | $1,812,450 | |
| Median Price of New Listings | $1,199,000 | |
| Per Square Foot | $780 | |
| Average Days on Market | 80 | |
| Median Days on Market | 35 | |
| Price Decreased | 35% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 26 | |
| Median Rent | ||
| Market Action | 53 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,552,500 | 3,940 | 0.5 - 1 acre | 4 | 3 | 98 | 0 | 0 | 140 |
| $1,937,450 | 2,545 | 8,000 - 10,000 sqft | 4 | 2.5 | 70 | 0 | 0 | 35 |
| $1,630,000 | 1,800 | 0.25 - 0.5 acre | 3 | 2 | 71 | 0 | 3 | 21 |
| $999,000 | 1,358 | 8,000 - 10,000 sqft | 3 | 1 | 75 | 1 | 1 | 14 |