How Is Pasadena’s Real Estate Market Shaping Up This Spring?
Hi, it’s Eva Lin with my monthly market update, designed to keep you informed so you can make confident decisions.
As we head into the spring selling season, one of the most notable shifts is that homes are beginning to sell more quickly.
From December through February, the market experienced a significant slowdown, even beyond what is typical for the winter season.
In December, the median time for a home to go into escrow jumped up to 35 days. In January it rose even higher to 38 days. And while February improved to 22 days, these figures remained elevated compared to the same period in 2024 and 2025.
However, momentum returned in March, with the median time to go into escrow dropping to just 13 days. This is a clear sign that buyer activity is picking up.
At the same time, the number of new listings hitting the market has steadily increased.
Pasadena saw 58 new listings in January, 67 in February, and 85 in March. What’s particularly encouraging is that as inventory has grown, homes have started selling faster.
This dynamic points to healthy underlying demand. For sellers, it’s a positive sign that the spring market is shaping up to be both active and balanced.
Part of this resilience can be attributed to limited inventory.
In the first quarter of 2025, Pasadena averaged 154 homes for sale and this figure would have been even higher if not for the impact of the Eaton Fire. By comparison, the first quarter of this year has averaged just 127 homes on the market, representing a 17% year-over-year decline.
This reduction in inventory continues to constrain buyer options and support competitive conditions.
That said, higher interest rates and broader economic uncertainty have tempered buyer activity to some extent. The result is a market that remains relatively balanced as we move into the spring season.
Another key indicator to watch is the ratio of selling price to asking price.
During December, January, and February, homes in Pasadena were generally selling below asking price. In March, however, the trend shifted, with sale prices averaging above list price. This is another encouraging signal for homeowners considering a sale.
If you’re thinking about buying or selling and want to approach this market strategically, I’d be happy to connect and discuss your options.
You can call or text me at 626-807-6581.