DPP | Compass' Market Report

Altadena, CA

Single-Family Homes

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



Altadena, CA

Mon Mar 18 2024
This week the median list price for Altadena, CA is $1,250,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased 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

The market has started cooling and prices have recently plateaued. 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

Mon Mar 18 2024
This week the median list price for Altadena, CA is $1,250,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased 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

The market has started cooling and prices have recently plateaued. 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 $1,250,000
Median Price of New Listings $1,250,000
Per Square Foot $820
Average Days on Market 39
Median Days on Market 14
Price Decreased 15%
Price Increased 4%
Relisted 7%
Inventory 27
Median Rent
Market Action 61
Strong Seller's Market

The market seems to have paused around this plateau. 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
$1,797,450 2,437 0.25 - 0.5 acre 4 3 74 1 3 21
$1,300,000 1,540 8,000 - 10,000 sqft 3 2 74 2 0 14
$1,197,000 1,304 8,000 - 10,000 sqft 3 2 84 4 2 0
$999,999 1,299 8,000 - 10,000 sqft 3 2 76 0 2 35