Deasy Penner Podley's Market Report

Altadena, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Altadena, CA

Tue May 11 2021
This week the median list price for Altadena, CA is $1,043,500 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 34. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Altadena, CA

Tue May 11 2021
This week the median list price for Altadena, CA is $1,043,500 with the market action index hovering around 75. This is less than last month's market action index of 77. Inventory has increased to 34. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Altadena market.
Median List Price $1,043,500
Median Price of New Listings $1,150,000
Per Square Foot $643
Average Days on Market 37
Median Days on Market 7
Price Decreased 9%
Price Increased 3%
Relisted 3%
Inventory 34
Median Rent $3,500
Market Action 75
Slight Seller's Advantage

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,372,000 4,020 0.5 - 1 acre 4 5 78 1 1 28
$1,150,000 1,828 8,000 - 10,000 sqft 3 2 82 6 3 0
$965,000 1,466 6,500 - 8,000 sqft 3 2 91 3 1 7
$679,000 970 6,500 - 8,000 sqft 2 1 82 1 2 7