Is Pasadena, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,199,018
$742/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Pasadena was $1,199,018 in April 2024, up 12% from last year, and the median price per square foot was $742.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $605K | $685K | +13.2% |
2 Bedrooms | $853.6K | $869.5K | +1.9% |
3 Bedrooms | $1.2M | $1.3M | +6.1% |
4 Bedrooms | $1.7M | $1.8M | +6.1% |
5+ Bedrooms | $2.6M | $2.7M | +3.3% |
Summary: Pasadena housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
Pasadena | $1.0M | $1.1M | +12.0% |
San Marino | $2.6M | $2.9M | +9.8% |
South Pasadena | $1.5M | $1.6M | +5.8% |
La Canada Flintridge | $2.2M | $2.3M | +3.2% |
Altadena | $1.3M | $1.3M | +2.0% |
Housing Supply in Pasadena, CA
How many homes are available in Pasadena, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
272 | 307 | +12.9% |
Summary: The Pasadena real estate market had 307 homes for sale in April 2024, a 12.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 30 | +20.0% |
2 Bedrooms | 95 | 98 | +3.2% |
3 Bedrooms | 85 | 89 | +4.7% |
4 Bedrooms | 37 | 52 | +40.5% |
5+ Bedrooms | 30 | 38 | +26.7% |
Summary: The Pasadena housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 84 | +18.3% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in Pasadena in April 2024, up by 18.3% month-over-month. Of the 84 sold homes, 31% were sold under asking, 11% were sold at asking, and 58% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 34 Days | -10.0% |
Summary: Homes in Pasadena had an average of 34 days on market in Apr 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 84 homes were sold in Pasadena; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.