Is Pasadena, MD 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, MD
How much do homes in Pasadena, MD cost?
Median Sold Price
$436,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pasadena was $436,000 in March 2024, up 7.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $335K | $355K | +6.0% |
3 Bedrooms | $399.9K | $430K | +7.5% |
4 Bedrooms | $465K | $484K | +4.1% |
5+ Bedrooms | $571.4K | $652.5K | +14.2% |
Summary: Pasadena housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 14.2%.
Housing Supply in Pasadena, MD
How many homes are available in Pasadena, MD?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
134 | 150 | +11.9% |
Summary: The Pasadena real estate market had 150 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 69 | 76 | +10.1% |
4 Bedrooms | 47 | 55 | +17.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The 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 9.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 17%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 34 | +70.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Pasadena in March 2024, up by 70.0% month-over-month. Of the 34 sold homes, 24% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Pasadena, MD
How long does it take to sell a home in Pasadena, MD?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 17 Days | +17.6% |
Summary: Homes in Pasadena had an average of 17 days on market in Mar 2024, up by 17.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 34 homes were sold in Pasadena; 85% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.