First American Title

Pasadena, CA

Single-Family Homes



Pasadena, CA

Sun Dec 22 2024
This week the median list price for Pasadena, CA is $1,649,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has decreased to 77. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Pasadena, CA

Sun Dec 22 2024
This week the median list price for Pasadena, CA is $1,649,000 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has decreased to 77. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Pasadena market.
Median List Price $1,649,000
Median Price of New Listings $999,999
Per Square Foot $897
Average Days on Market 96
Median Days on Market 63
Price Decreased 19%
Price Increased 8%
Relisted 12%
Inventory 77
Median Rent
Market Action 47
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
$4,700,000 5,955 0.5 - 1 acre 5 4.5 67 2 1 84
$2,199,000 2,600 8,000 - 10,000 sqft 4 3 74 0 2 56
$1,498,000 1,732 6,500 - 8,000 sqft 3 2 74 1 3 84
$1,049,499 1,190 4,500 - 6,500 sqft 3 1.8 99 8 6 21