Tracey Velt's Market Report
Pasadena, CA
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Pasadena, CA
Mon May 06 2024
This week the median list price for Pasadena, CA is $2,188,000 with the market action index hovering around 57. This is an increase over last month's market action index of 53. Inventory has increased to 73.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $2,188,000 | |
| Median Price of New Listings | $2,322,000 | |
| Per Square Foot | $917 | |
| Average Days on Market | 86 | |
| Median Days on Market | 28 | |
| Price Decreased | 21% | |
| Price Increased | 3% | |
| Relisted | 12% | |
| Inventory | 73 | |
| Median Rent | ||
| Market Action | 57 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $7,591,500 | 6,775 | 0.5 - 1 acre | 6 | 5 | 65 | 5 | 2 | 28 |
| $2,899,499 | 3,501 | 0.25 - 0.5 acre | 4 | 4 | 64 | 3 | 6 | 42 |
| $1,849,000 | 2,185 | 8,000 - 10,000 sqft | 4 | 2.5 | 79 | 5 | 8 | 14 |
| $950,000 | 1,061 | 4,500 - 6,500 sqft | 2 | 2 | 96 | 3 | 6 | 21 |