How is Pasadena’s real estate market performing in July of 2025?
Hi, it’s Eva Lin, and today I’m breaking down the latest sales data so you can make the best real estate decisions possible.
Most of my clients have homes that fall into 1 of 3 price segments…and each one is performing differently.
Let’s start with the $1.5 – $2.5M segment, where the market has remained strong for home sellers overall.
Through June of this year, more than 100 sales have occurred and that’s actually 10% more than last year.
Inventory has held steady over the past few months with about 40 houses on the market at any given time.
And each month for the last 3, about 25 sales have occurred.
All in all, this shows a relatively healthy balance between supply and demand, but with sellers still enjoying the advantage.
I can tell you firsthand, the houses I’ve listed for sale in this range have tended to generate multiple offers from highly motivated buyers…
…and my sellers have enjoyed strong outcomes.
As we move up to the $2.5 – $4M segment, the seller’s advantage starts to soften.
Over the past 3 months, inventory has hovered around 32 houses for sale at any given time, with about 12 houses selling per month.
This means that homes in this prince range are experiencing about 40% less demand than those selling between $1.5 to $2.5 million dollars.
Buyers are definitely being more selective and cautious when it comes to making offers.
Again, speaking from direct experience, my clients in this segment have still been seeing positive outcomes, but multiple offers and bidding wars are not a foregone conclusion.
And then we have homes in the 4 to $6M range
On average, From April through June, 3 houses per month have been selling in this segment, while 13 houses have been available for sale at any given time.
So, the higher up the price ladder we go, the lower the housing demand is relative to the supply.
But that doesn’t mean motivated buyers aren’t out there.
Just a few weeks ago, I sold 540 Woodland Ave in the Oak Knoll neighborhood for $5M, which was $750,000 over the asking price.
To be sure, that outcome didn’t happen by mistake.
My team spent weeks preparing the home for the market, from landscaping, to painting, to professional staging, and more.
Next we put together a one of a kind marketing package complete with professional video and digital assets.
And then, before listing the home for sale, I spoke with my clients about leveraging a strategic listing price that would attract the maximum number of buyers.
This was a very important strategic decision, because the market had shifted over the spring and we needed to make sure their home was priced attractively.
Within 12 days of listing the house for sale, we had generated multiple offers over asking and opened escrow. And 12 days after that, the house was officially sold for a phenomenal price.
At the end of the day, achieving the best outcome whether selling or buying a home all comes down to understanding the market conditions and using the best strategies for the situation.
If you’d like to discuss your upcoming real estate needs, I invite you to reach out to me.