Deasy Penner Podley's Market Report

Altadena, CA

Single-Family Homes

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



Altadena, CA

Thu Sep 16 2021
This week the median list price for Altadena, CA is $1,050,000 with the market action index hovering around 80. This is less than last month's market action index of 82. Inventory has decreased to 27. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Altadena, CA

Thu Sep 16 2021
This week the median list price for Altadena, CA is $1,050,000 with the market action index hovering around 80. This is less than last month's market action index of 82. Inventory has decreased to 27. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Altadena market.
Median List Price $1,050,000
Median Price of New Listings $999,999
Per Square Foot $683
Average Days on Market 26
Median Days on Market 14
Price Decreased 26%
Price Increased 7%
Relisted 0%
Inventory 27
Median Rent $3,750
Market Action 80
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$1,495,000 2,237 8,000 - 10,000 sqft 3 3 83 0 1 31
$1,199,000 1,783 8,000 - 10,000 sqft 3 2 80 2 2 21
$999,999 1,364 6,500 - 8,000 sqft 3 2 74 2 5 7
$829,970 1,064 6,500 - 8,000 sqft 2 1 94 2 1 21