As of January 2023, the median sale price of homes in Pasadena was $1.1M, which is a 2.2% decrease from last year. However, the average sale price per square foot was $704, which increased by 7.6% from the previous year. Homes in Pasadena sell, on average, after 49 days on the market, one day longer than last year. In January 2023, 61 homes were sold in Pasadena, a decrease from the 104 homes sold in January 2022.
According to Redfin, a residential real estate brokerage, the Pasadena housing market is somewhat competitive, with homes receiving an average of 5 offers. On average, homes sell for about 1% above the list price, and hot homes can sell for about 6% above the list price. In nearby cities, homes sell for about 3% below the list price, with hot homes selling for around the list price.