Justin Tye

South Pasadena, CA

Single-Family Homes

Active Realty I REAL



South Pasadena, CA

Sun May 26 2024
This week the median list price for South Pasadena, CA is $2,848,000 with the market action index hovering around 50. This is an increase over last month's market action index of 40. Inventory has decreased to 11. Click here to stay informed with the South Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

South Pasadena, CA

Sun May 26 2024
This week the median list price for South Pasadena, CA is $2,848,000 with the market action index hovering around 50. This is an increase over last month's market action index of 40. Inventory has decreased to 11. Click here to stay informed with the South Pasadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
Median List Price $2,848,000
Median Price of New Listings $2,065,000
Per Square Foot $982
Average Days on Market 97
Median Days on Market 63
Price Decreased 36%
Price Increased 9%
Relisted 0%
Inventory 11
Median Rent
Market Action 50
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
$6,540,000 7,382 0.5 - 1 acre 6 7 61 0 0 287
$3,100,000 2,941 4,500 - 6,500 sqft 4 4 42 1 1 21
$2,200,000 1,839 6,500 - 8,000 sqft 4 2 88 0 2 133
$1,599,000 1,796 4,500 - 6,500 sqft 3 2 48 1 2 42