Is Altadena, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Altadena is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Altadena has remained a Seller's Market.

Key Takeaway

Altadena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Altadena, CA

How much do homes in Altadena, CA cost?

Median Sold Price

$1,315,000

$783/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,000(+1.2%)

Key Takeaway

Homes in Altadena have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Altadena was $1,315,000 in March 2024, up 1.2% from last year, and the median price per square foot was $783.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $440.5K$766.5K
+74.0%
2 $1.0M$998.2K
-3.6%
3 $1.3M$1.2M
-2.9%
4 $1.6M$1.5M
-8.4%
5+ $2.1M$2.1M
0%

Summary: Altadena housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pasadena
+8.4%
Altadena
+1.2%
La Canada Flintridge
+1.0%
South Antelope Valley
-0.8%

Housing Supply in Altadena, CA

How many homes are available in Altadena, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6269+11.3%

Summary: The Altadena real estate market had 69 homes for sale in March 2024, a 11.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1313
0.0%
3 2934
+17.2%
4 712
+71.4%
5+ 1310
-23.1%

Summary: The Altadena housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1423+64.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Altadena, you could pay more than the asking price. 87% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in Altadena in March 2024, up by 64.3% month-over-month. Of the 23 sold homes, 9% were sold under asking, 4% were sold at asking, and 87% 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

Mar 2023Mar 2024CHANGE
45 Days22 Days-50.7%

Summary: Homes in Altadena had an average of 22 days on market in Mar 2024, down by 50.7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Altadena are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 23 homes were sold in Altadena; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Altadena, CA

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