Market Report

Pasadena, CA

Single-Family Homes

Chartwell Escrow



Pasadena, CA

Sun Jul 14 2024
This week the median list price for Pasadena, CA is $1,875,000 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has decreased to 85. 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

Sun Jul 14 2024
This week the median list price for Pasadena, CA is $1,875,000 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has decreased to 85. 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 $1,875,000
Median Price of New Listings $1,349,995
Per Square Foot $864
Average Days on Market 75
Median Days on Market 49
Price Decreased 29%
Price Increased 2%
Relisted 14%
Inventory 85
Median Rent
Market Action 54
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
$5,500,000 6,000 0.5 - 1 acre 6 7 75 0 3 70
$2,298,000 2,935 0.25 - 0.5 acre 4 3 75 4 7 49
$1,499,000 1,808 6,500 - 8,000 sqft 3 2 89 7 8 14
$949,000 1,040 4,500 - 6,500 sqft 2 2 95 6 9 38