With the spring selling season underway, many Pasadena homeowners and buyers are wondering the same thing: where are home prices headed in 2026, and how competitive is the market right now?
After an unusually slow winter, our local market is finally showing signs of renewed momentum. The latest numbers reveal that sales activity has largely caught up to last year’s pace. From January through April of 2025, 188 single-family homes sold in Pasadena. During the same period this year, 189 homes sold.
Homes are also selling faster. Last month, the median time for a new listing to go under contract was just 13 days. This is a strong indicator that demand remains healthy, especially for well-priced homes in desirable neighborhoods.
At the same time, inventory remains limited. Between January and April of 2025, 360 single-family homes hit the market in Pasadena. During the same period this year, there were 307 new listings, which translates to a nearly 15% decline in available new inventory.
This imbalance between supply and demand is supporting home prices, although the data tells a nuanced story.
Based on median sale price data, Pasadena home values are trending upward. Over the past two months, the median sale price for a single-family home averaged more than $1.7 million. Compared to roughly $1.64 million during the same period last year, this represents year-over-year growth of 3.6%.
However, median price-per-square-foot data shows a 5.6% year-over-year decline.
These conflicting numbers highlight an important reality of real estate statistics: broad market averages don’t reflect the value of an individual property. A home’s price trajectory depends heavily on its location, price segment, condition, lot size, upgrades, architectural style, and buyer demand in that specific neighborhood.
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, and in April sale prices averaged 4% 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.