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

Housing Market Conditions



Gauge showing Pasadena is a seller's market


Difference Since October 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Pasadena, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since October 2022


Key Takeaway

The sold price of homes in Pasadena has remained the same since last year.

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

# BEDSOct 2022Oct 2023CHANGE
1 $575K$657.7K
2 $850K$869.8K
3 $1.2M$1.2M
4 $1.6M$1.8M
5+ $2.8M$2.4M

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

South Pasadena
La Canada Flintridge
San Marino

Housing Supply

How many homes are available in Pasadena, CA?

Number of Homes For Sale

Sep 2023Oct 2023CHANGE

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

# BEDSSep 2023Oct 2023CHANGE
1 2022
2 103100
3 124113
4 4042
5+ 4143

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 2023Oct 2023CHANGE

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

43 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pasadena, you could pay more than the asking price. 54.4% of homes here sold above asking price last month.

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 2022Oct 2023CHANGE
23 Days33 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Pasadena, CA?