How are 2026 home prices tracking in Pasadena?
And how is the market performing now that the spring selling season is underway?
Hi, it’s Eva Lin and today I’m sharing the latest developments in our local real estate market so you can make the best decisions possible.
The first thing to know is that sales activity has finally started to pick up some steam.
The winter season was even slower than usual for local home sales, but now that April’s numbers are in, we can see that 2026 sales have caught up to 2025.
Year to date 189 single family homes have sold in Pasadena. Last year, that number was 188 for the same period, so we’re right on par.
Homes have also started to sell more quickly in the last few months.
Last month, at the median, it was taking just 13 days for new listings to go under contract.
This is a strong number that indicates a solid level of demand relative to supply.
Now, speaking of supply, significantly fewer houses have been going up for sale in Pasadena compared to last year.
From January through April, just 307 new listings hit the market.
Last year, 360 new listings became available during the same period, so that means there’s been a nearly 15% drop.
As far as pricing trends go, there are two broad ways to look at this.
The first is by analyzing the median sale price.
Over the past two months, that number has averaged over $1.7M for a single family home in Pasadena.
During the same two month period last year, the median sale price averaged about $1.64M
So, this metric indicates year over year price growth of 3.6%
But, if we look at the median price per square foot, we see a 5.6% drop.
Keep in mind, these are useful reference points, but they’re not perfect indicators.
Whether your home’s value has gone up, stayed flat, or possibly even fallen over the last 12 months depends on its unique features, condition, location, and much more.
One last data point to be aware of is the selling price to asking price ratio.
This indicates how much above or below the asking price houses are selling for and it’s a good indicator of general market demand.
In April, at the median, Pasadena houses were selling at 4% over asking.
This bodes well for the spring market and shows that the buyers are out there, actively bidding on properties.
As Pasadena’s top selling agent year after year, I’d be happy to share my insights on how you can achieve the results you’re looking for in this market, whether you’re selling or buying a home.
Feel free to call or text at 626-807-6581.
Thanks for watching and I’ll see you again next month!