Justin Tye

South Pasadena, CA

Single-Family Homes

Active Realty I REAL



South Pasadena, CA

Sun Feb 09 2025
This week the median list price for South Pasadena, CA is $1,988,000 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 13. 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

Market Narrative

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 Feb 09 2025
This week the median list price for South Pasadena, CA is $1,988,000 with the market action index hovering around 51. This is an increase over last month's market action index of 47. Inventory has held steady at or around 13. 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

Market Narrative

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 $1,988,000
Median Price of New Listings $1,875,000
Per Square Foot $1,014
Average Days on Market 127
Median Days on Market 77
Price Decreased 8%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 51
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
$2,899,000 3,387 8,000 - 10,000 sqft 5 3.5 60 1 1 49
$2,250,000 2,570 0.25 - 0.5 acre 4 2.5 44 0 1 77
$1,875,000 2,280 6,500 - 8,000 sqft 3 2.5 94 2 0 7
$1,274,500 982 4,500 - 6,500 sqft 2 1 100 0 1 238