Market Report

Pasadena, CA

Single-Family Homes

Chartwell Escrow



Pasadena, CA

Tue Aug 09 2022
This week the median list price for Pasadena, CA is $1,489,500 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has held steady at or around 116. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Pasadena, CA

Tue Aug 09 2022
This week the median list price for Pasadena, CA is $1,489,500 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has held steady at or around 116. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,489,500
Median Price of New Listings $1,395,000
Per Square Foot $804
Average Days on Market 73
Median Days on Market 35
Price Decreased 34%
Price Increased 2%
Relisted 9%
Inventory 116
Median Rent
Market Action 54
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$5,300,000 5,450 0.5 - 1 acre 5 6 49 1 6 70
$1,888,888 2,472 8,000 - 10,000 sqft 4 3 77 4 11 35
$1,300,000 1,651 6,500 - 8,000 sqft 3 2 88 4 8 14
$925,000 1,181 6,500 - 8,000 sqft 3 1 97 6 11 28