Is Pasadena, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pasadena has remained a Seller's Market.
Housing Prices in Pasadena, CA
How much do homes in Pasadena, CA cost?
Median Sold Price
$1,181,486
$739/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pasadena was $1,181,486 in March 2024, up 8.4% from last year, and the median price per square foot was $739.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $680K | +15.3% |
2 Bedrooms | $852K | $875K | +2.7% |
3 Bedrooms | $1.2M | $1.3M | +1.8% |
4 Bedrooms | $1.7M | $1.8M | +1.9% |
5+ Bedrooms | $2.5M | $2.5M | -1.5% |
Summary: Pasadena housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Pasadena | $1.0M | $1.1M | +8.4% |
San Marino | $2.6M | $2.8M | +8.0% |
South Pasadena | $1.5M | $1.6M | +5.6% |
Altadena | $1.3M | $1.3M | +1.2% |
La Canada Flintridge | $2.3M | $2.3M | +1.0% |
Housing Supply in Pasadena, CA
How many homes are available in Pasadena, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
256 | 262 | +2.3% |
Summary: The Pasadena real estate market had 262 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 27 | +42.1% |
2 Bedrooms | 86 | 91 | +5.8% |
3 Bedrooms | 98 | 81 | -17.3% |
4 Bedrooms | 30 | 34 | +13.3% |
5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The Pasadena housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 71 | 0.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Pasadena in March 2024, the same as the previous month. Of the 71 sold homes, 31% were sold under asking, 10% were sold at asking, and 59% were sold over asking.
Days on Market for Pasadena, CA
How long does it take to sell a home in Pasadena, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 30 Days | -13.5% |
Summary: Homes in Pasadena had an average of 30 days on market in Mar 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in Pasadena; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.