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

Housing Market Conditions



Gauge showing South Pasadena is a seller's market


Difference Since November 2021

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

Key Takeaway

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

How much do homes in South Pasadena, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2021


Key Takeaway

Homes in South Pasadena have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $682K$650K
2 $904.5K$857K
3 $1.5M$1.5M
4 $1.8M$2.3M
5+ $2.6M$2.9M

Median Sold Price Compared To Nearby Cities

Southwest San Gabriel Valley
San Marino
South Pasadena

How many homes are available in South Pasadena, CA?

Number of Homes For Sale

Oct 2022Nov 2022%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 44
2 138
3 1210
4 1313
5+ 75

Number of Homes Sold

Oct 2022Nov 2022%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Pasadena, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
23 Days66 Days+180.4%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About South Pasadena, CA

There are 40 homes are for sale in South Pasadena, CA real estate market. The inventory of homes for sale in South Pasadena, CA between October 2022 and November 2022 decreased by 18.4%. In November 2022, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $1,550,000. Listing prices have changed in this real estate market between October 2022 and November 2022: 1 bedroom properties prices decreased by 4.7%, prices of 2 bedrooms properties went down by 5.3%, 3 bedrooms properties prices increased by 3.1%, 4 bedrooms properties became 29.2% more expensive, prices of 5 bedrooms properties increased by 8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 38.5%, 3 bedrooms homes inventory decreased by 16.7%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes went down by 28.6%. Over 4 listings were sold over their listed price in November 2022 in South Pasadena, CA. In the same period over 5 listings were sold below the listed price and 2 listings were sold for the listed price.

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