$7,113 Closing Credit*
$599,000
873 SqFt
2 Beds
•2 Full Baths
Sarah Barron, Listing Office: BARRON REAL ESTATE
Is Pasadena, 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, Pasadena has remained a Seller's Market.
Key Takeaway
Pasadena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pasadena, CA
How much do homes in Pasadena, CA cost?
Median Sold Price
$1,212,217
$766/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$96,580(+8.7%)
Key Takeaway
Homes in Pasadena have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Pasadena was $1,212,217 in November 2024, up 8.7% from last year, and the median price per square foot was $766.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $642.5K | $643.5K | 0.2% |
| 2 Bedrooms | $875.1K | $890K | +1.7% |
| 3 Bedrooms | $1.2M | $1.4M | +12.2% |
| 4 Bedrooms | $1.8M | $1.9M | +4.2% |
| 5+ Bedrooms | $2.4M | $2.7M | +13.4% |
Summary: Pasadena housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Pasadena | $1.1M | $1.2M | +8.7% |
| Altadena | $1.3M | $1.4M | +7.7% |
| San Marino | $2.7M | $2.8M | +6.9% |
| La Canada Flintridge | $2.3M | $2.4M | +4.3% |
| South Pasadena | $1.6M | $1.6M | +1.8% |
Housing Supply in Pasadena, CA
How many homes are available in Pasadena, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 344 | 310 | -9.9% |
Summary: The Pasadena real estate market had 310 homes for sale in November 2024, a 9.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 31 | -13.9% |
| 2 Bedrooms | 98 | 80 | -18.4% |
| 3 Bedrooms | 114 | 112 | -1.8% |
| 4 Bedrooms | 48 | 42 | -12.5% |
| 5+ Bedrooms | 48 | 45 | -6.3% |
Summary: The Pasadena housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.9%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 77 | -12.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pasadena, you could pay more than the asking price. 55.8% of homes here sold above asking price last month.
Summary: A total of 77 homes were sold or pending in Pasadena in November 2024, down by 12.5% month-over-month. Of the 77 sold homes, 27% were sold under asking, 17% were sold at asking, and 56% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +31.0% |
Summary: Homes in Pasadena had an average of 32 days on market in Nov 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pasadena are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 77 homes were sold in Pasadena; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% 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.