Is South Pasadena, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Pasadena was a Seller's Market.
Housing Prices in South Pasadena, CA
How much do homes in South Pasadena, CA cost?
Median Sold Price
$1,650,000
$868/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Pasadena was $1,650,000 in March 2024, up 5.6% from last year, and the median price per square foot was $868.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $809K | +26.4% |
2 Bedrooms | $861K | $1.0M | +21.2% |
3 Bedrooms | $1.5M | $1.7M | +13.0% |
4 Bedrooms | $2.3M | $1.8M | -21.8% |
5+ Bedrooms | $2.8M | $3.0M | +4.8% |
Summary: South Pasadena housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.4%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes increased by 4.8%.
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% |
Alhambra | $803.3K | $831K | +3.4% |
Southwest San Gabriel Valley | $825.7K | $850K | +2.9% |
Housing Supply in South Pasadena, CA
How many homes are available in South Pasadena, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 28 | +27.3% |
Summary: The South Pasadena real estate market had 28 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The South Pasadena 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 increased by 25%, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South Pasadena in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for South Pasadena, CA
How long does it take to sell a home in South Pasadena, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 10 Days | -67.5% |
Summary: Homes in South Pasadena had an average of 10 days on market in Mar 2024, down by 67.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in South Pasadena; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.