$4,749 Closing Credit*
$399,900
1,712 SqFt
3 Beds
•2 Full Baths
Jodi Lorraine Quinn, Listing Office: VYBE Realty
Is Pasadena, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$444,983
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$22,983(+5.4%)
Key Takeaway
Homes in Pasadena have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Pasadena was $444,983 in September 2024, up 5.4% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | - | N/A |
| 2 Bedrooms | $320K | $360K | +12.5% |
| 3 Bedrooms | $413K | $440K | +6.5% |
| 4 Bedrooms | $470K | $526.7K | +12.1% |
| 5+ Bedrooms | $564K | $497.5K | -11.8% |
Summary: Pasadena housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in Pasadena, MD
How many homes are available in Pasadena, MD?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 140 | 141 | +0.7% |
Summary: The Pasadena real estate market had 141 homes for sale in September 2024, a 0.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 90 | 84 | -6.7% |
| 4 Bedrooms | 29 | 37 | +27.6% |
| 5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Pasadena housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 51 | 39 | -23.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pasadena, you could pay more than the asking price. 43.6% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Pasadena in September 2024, down by 23.5% month-over-month. Of the 39 sold homes, 26% were sold under asking, 31% were sold at asking, and 44% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 12 Days | -14.9% |
Summary: Homes in Pasadena had an average of 12 days on market in Sep 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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 September 2024, 39 homes were sold in Pasadena; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
