Is Pasadena, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
Since last year, Pasadena has remained a Seller's Market.
Housing Prices
How much do homes in Pasadena, CA cost?
Median Sold Price
$1,102,771
$725/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2022
Summary: The median home sold price in Pasadena was $1,102,771 in October 2023, up 0.3% from last year, and the median price per square foot was $725.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $575K | $657.7K | +14.4% |
2 Bedrooms | $850K | $869.8K | +2.3% |
3 Bedrooms | $1.2M | $1.2M | -3.6% |
4 Bedrooms | $1.6M | $1.8M | +10.2% |
5+ Bedrooms | $2.8M | $2.4M | -12.6% |
Summary: Pasadena housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes increased by 14.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Cities
Altadena | $1.2M | $1.3M | +2.0% |
South Pasadena | $1.5M | $1.5M | +1.8% |
Pasadena | $1.0M | $1.1M | 0.3% |
La Canada Flintridge | $2.3M | $2.2M | -1.1% |
San Marino | $2.7M | $2.5M | -6.1% |
Housing Supply
How many homes are available in Pasadena, CA?
Number of Homes For Sale
Sep 2023 | Oct 2023 | CHANGE |
---|---|---|
328 | 320 | -2.4% |
Summary: The Pasadena real estate market had 320 homes for sale in October 2023, a 2.4% decrease compared to September 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 22 | +10.0% |
2 Bedrooms | 103 | 100 | -2.9% |
3 Bedrooms | 124 | 113 | -8.9% |
4 Bedrooms | 40 | 42 | +5.0% |
5+ Bedrooms | 41 | 43 | +4.9% |
Summary: The Pasadena housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Sep 2023 | Oct 2023 | CHANGE |
---|---|---|
103 | 79 | -23.3% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Pasadena in October 2023, down by 23.3% month-over-month. Of the 79 sold homes, 35% were sold under asking, 10% were sold at asking, and 54% were sold over asking.
Days on Market
How long does it take to sell a home in Pasadena, CA?
Average Sale Time
Oct 2022 | Oct 2023 | CHANGE |
---|---|---|
23 Days | 33 Days | +44.7% |
Summary: Homes in Pasadena had an average of 33 days on market in Oct 2023, up by 44.7% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During October 2023, 79 homes were sold in Pasadena; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.