Deasy Penner Podley's Market Report

Altadena, CA

Single-Family Homes

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Altadena, CA

Wed May 27 2020
This week the median list price for Altadena, CA is $1,195,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has held steady at or around 29. Click here to stay informed with the Altadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Altadena, CA

Wed May 27 2020
This week the median list price for Altadena, CA is $1,195,000 with the market action index hovering around 59. This is an increase over last month's market action index of 57. Inventory has held steady at or around 29. Click here to stay informed with the Altadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Altadena market.
Median List Price $1,195,000
Per Square Foot $611
Days on Market 84
Price Decreased 31%
Price Increased 3%
Relisted 3%
Inventory 29
Median Rent $3,600
Most Expensive $4,888,000
Least Expensive $500,000
Market Action 59
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
$2,395,000 3,934 0.5 - 1 acre 5 4 94 0 0 109
$1,375,000 2,642 8,000 - 10,000 sqft 5 3 83 1 0 64
$899,000 1,560 6,500 - 8,000 sqft 3 2 72 1 2 97
$643,400 966 6,500 - 8,000 sqft 2 1 92 0 1 66