$10,000 Closing Credit*
$1,200,000
1,417 SqFt
4 Beds
•2 Full Baths
Emma Pearce, Listing Office: MERIDIAN CAPITAL REAL ESTATE
Is Altadena, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Altadena has remained a Seller's Market.
Key Takeaway
Altadena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Altadena, CA
How much do homes in Altadena, CA cost?
Median Sold Price
$1,400,000
$820/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+7.7%)
Key Takeaway
Homes in Altadena have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Altadena was $1,400,000 in November 2024, up 7.7% from last year, and the median price per square foot was $820.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $766.5K | - | N/A |
| 2 Bedrooms | $990.5K | $1.0M | +2.0% |
| 3 Bedrooms | $1.2M | $1.4M | +11.8% |
| 4 Bedrooms | $1.4M | $1.7M | +15.4% |
| 5+ Bedrooms | $2.1M | $2.1M | -0.3% |
Summary: Altadena housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Pasadena | $1.1M | $1.2M | +8.7% |
| Altadena | $1.3M | $1.4M | +7.7% |
| La Canada Flintridge | $2.3M | $2.4M | +4.3% |
| South Antelope Valley | $525K | $540K | +2.9% |
Housing Supply in Altadena, CA
How many homes are available in Altadena, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 64 | -24.7% |
Summary: The Altadena real estate market had 64 homes for sale in November 2024, a 24.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 13 | 9 | -30.8% |
| 3 Bedrooms | 43 | 28 | -34.9% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Altadena housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 30.8%, 3 bedroom homes decreased by 34.9%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 14 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altadena, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Altadena in November 2024, down by 50.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.
Days on Market for Altadena, CA
How long does it take to sell a home in Altadena, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | -1.3% |
Summary: Homes in Altadena had an average of 26 days on market in Nov 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Altadena are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Altadena; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.