Is Altadena, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Altadena has remained a Seller's Market.
Housing Prices in Altadena, CA
How much do homes in Altadena, CA cost?
Median Sold Price
$1,347,500
$799/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Altadena was $1,347,500 in May 2024, up 3.7% from last year, and the median price per square foot was $799.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $766.5K | +119.0% |
2 Bedrooms | $1.0M | $1.0M | 0.2% |
3 Bedrooms | $1.2M | $1.3M | 0.4% |
4 Bedrooms | $1.6M | $1.5M | -8.7% |
5+ Bedrooms | $2.4M | $2.1M | -9.7% |
Summary: Altadena housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 119%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
Pasadena | $1.0M | $1.2M | +12.1% |
La Canada Flintridge | $2.2M | $2.3M | +4.7% |
Altadena | $1.3M | $1.3M | +3.7% |
South Antelope Valley | $525K | $532K | +1.3% |
Housing Supply in Altadena, CA
How many homes are available in Altadena, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 99 | +19.3% |
Summary: The Altadena real estate market had 99 homes for sale in May 2024, a 19.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 37 | 44 | +18.9% |
4 Bedrooms | 15 | 23 | +53.3% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Altadena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Altadena in May 2024, up by 13.6% month-over-month. Of the 25 sold homes, 16% were sold under asking, 4% were sold at asking, and 80% were sold over asking.
Days on Market for Altadena, CA
How long does it take to sell a home in Altadena, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 22 Days | -47.9% |
Summary: Homes in Altadena had an average of 22 days on market in May 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Altadena; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.