Realtor®

Market Report for Altadena and Pasadena | March 3, 2022

Altadena

  • This week the median list price for Altadena, CA 91001 is $999,999 with the market action index hovering around 76. This is the same as last month’s market action index of 76.
  • Inventory has increased to 29.
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  • In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone.
  • If the market heats up, prices are likely to resume an upward climb.

Pasadena

  • This week the median list price for Pasadena, CA is $1,700,000 with the market action index hovering around 63. This is an increase over last month’s market action index of 61.
  • Inventory has increased to 79.
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  • Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks.
  • This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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