Deasy Penner Podley's Market Report

Altadena, CA

Single-Family Homes

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



Altadena, CA

Tue Sep 27 2022
This week the median list price for Altadena, CA is $1,224,500 with the market action index hovering around 60. This is less than last month's market action index of 66. Inventory has increased to 48. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Sep 27 2022
This week the median list price for Altadena, CA is $1,224,500 with the market action index hovering around 60. This is less than last month's market action index of 66. Inventory has increased to 48. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,224,500
Median Price of New Listings $1,060,000
Per Square Foot $787
Average Days on Market 49
Median Days on Market 39
Price Decreased 42%
Price Increased 10%
Relisted 8%
Inventory 48
Median Rent
Market Action 60
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
$1,837,500 2,352 0.25 - 0.5 acre 3 3 71 1 1 21
$1,422,500 1,743 8,000 - 10,000 sqft 3 2.5 80 2 1 42
$1,079,500 1,379 6,500 - 8,000 sqft 3 2 75 3 3 35
$882,500 1,136 6,500 - 8,000 sqft 3 1 75 2 3 56