Market Report

Pasadena, CA

Single-Family Homes

Chartwell Escrow



Pasadena, CA

Tue Jul 16 2024
This week the median list price for Pasadena, CA is $1,877,500 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 84. 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

Tue Jul 16 2024
This week the median list price for Pasadena, CA is $1,877,500 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 84. 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 $1,877,500
Median Price of New Listings $1,480,000
Per Square Foot $871
Average Days on Market 82
Median Days on Market 46
Price Decreased 27%
Price Increased 4%
Relisted 15%
Inventory 84
Median Rent
Market Action 53
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
$5,490,000 5,955 0.5 - 1 acre 6 7 59 1 1 77
$2,295,000 2,778 0.25 - 0.5 acre 4 3 75 2 2 35
$1,499,000 1,890 6,500 - 8,000 sqft 3 2 89 8 7 21
$1,049,000 1,232 4,500 - 6,500 sqft 3 2 95 2 4 42