Local Market Report
Altadena, CA
Single-Family Homes
Altadena, CA
Fri Apr 19 2024
This week the median list price for Altadena, CA is $1,580,000 with the market action index hovering around 68. This is an increase over last month's market action index of 64. Inventory has decreased to 21.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $1,580,000 | |
| Median Price of New Listings | $1,998,000 | |
| Per Square Foot | $815 | |
| Average Days on Market | 77 | |
| Median Days on Market | 21 | |
| Price Decreased | 14% | |
| Price Increased | 10% | |
| Relisted | 10% | |
| Inventory | 21 | |
| Median Rent | ||
| Market Action | 68 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,600,000 | 3,477 | 0.5 - 1 acre | 4 | 4 | 63 | 3 | 2 | 14 |
| $1,750,000 | 2,280 | 0.25 - 0.5 acre | 4 | 3 | 87 | 1 | 4 | 63 |
| $1,399,000 | 1,532 | 6,500 - 8,000 sqft | 3 | 2 | 84 | 2 | 3 | 21 |
| $1,060,000 | 1,373 | 8,000 - 10,000 sqft | 3 | 2 | 77 | 1 | 3 | 70 |