Deasy Penner Podley's Market Report
Altadena, CA
Single-Family Homes
www.dppre.com | 626.795.6262 | info@dppre.com
Altadena, CA
Mon Jun 05 2023
This week the median list price for Altadena, CA is $1,324,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has held steady at or around 29.
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
| Median List Price | $1,324,000 | |
| Median Price of New Listings | $1,475,000 | |
| Per Square Foot | $826 | |
| Average Days on Market | 34 | |
| Median Days on Market | 28 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 29 | |
| Median Rent | ||
| Market Action | 58 | |
| Strong Seller's Market | ||
The market appears to be hovering around these current levels, though prices movved up a bit this week. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,998,000 | 3,650 | 0.25 - 0.5 acre | 5 | 5 | 76 | 0 | 0 | 28 |
| $1,497,973 | 1,798 | 0.25 - 0.5 acre | 3 | 3 | 76 | 2 | 1 | 14 |
| $1,199,000 | 1,355 | 6,500 - 8,000 sqft | 3 | 2 | 76 | 0 | 1 | 28 |
| $874,995 | 1,095 | 6,500 - 8,000 sqft | 2 | 1.5 | 90 | 1 | 4 | 17 |