$5,225 Closing Credit*
$439,990
1,694 SqFt
3 Beds
•2 Full Baths, 2 Partial
Diane Donnelly, Listing Office: Keller Williams Flagship of Maryland
Is Pasadena, MD 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, MD
How much do homes in Pasadena, MD cost?
Median Sold Price
$448,862
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,862(+4.4%)
Key Takeaway
Homes in Pasadena have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Pasadena was $448,862 in November 2024, up 4.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $342.5K | $360K | +5.1% |
| 3 Bedrooms | $423.9K | $444.9K | +5.0% |
| 4 Bedrooms | $480K | $512.5K | +6.8% |
| 5+ Bedrooms | $618.7K | $497.5K | -19.6% |
Summary: Pasadena 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 5.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 19.6%.
Housing Supply in Pasadena, MD
How many homes are available in Pasadena, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 153 | 155 | +1.3% |
Summary: The Pasadena real estate market had 155 homes for sale in November 2024, a 1.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 10 | +100.0% |
| 3 Bedrooms | 94 | 101 | +7.4% |
| 4 Bedrooms | 43 | 35 | -18.6% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Pasadena housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pasadena, expect to pay close to the asking price. 42.6% of homes here sold near the asking price last month.
Summary: A total of 47 homes were sold or pending in Pasadena in November 2024, up by 14.6% month-over-month. Of the 47 sold homes, 21% were sold under asking, 43% were sold at asking, and 36% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 22 Days | +12.7% |
Summary: Homes in Pasadena had an average of 22 days on market in Nov 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 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, 47 homes were sold in Pasadena; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
