Justin Tye

South Pasadena, CA

Single-Family Homes

Active Realty I REAL



South Pasadena, CA

Fri Jun 21 2024
This week the median list price for South Pasadena, CA is $2,680,000 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 17. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

South Pasadena, CA

Fri Jun 21 2024
This week the median list price for South Pasadena, CA is $2,680,000 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 17. 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 continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the South Pasadena market.
Median List Price $2,680,000
Median Price of New Listings $2,044,000
Per Square Foot $982
Average Days on Market 105
Median Days on Market 63
Price Decreased 35%
Price Increased 12%
Relisted 18%
Inventory 17
Median Rent
Market Action 51
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$5,243,500 5,932 0.25 - 0.5 acre 5 6 45 0 0 171
$2,869,000 2,701 8,000 - 10,000 sqft 4 3.5 52 0 0 101
$2,044,000 2,318 8,000 - 10,000 sqft 3 2 62 3 2 7
$1,398,000 1,538 4,500 - 6,500 sqft 3 1 100 1 0 70