🏡 Homes for Sale in Pasadena

🏡 Homes for Sale in Pasadena—2025 Market Trends & Insights

1. Pasadena Real Estate Snapshot

• Median Sale Price: In June 2025, homes in Pasadena sold for around $1.36M, up approximately 10.8% year‑over‑year.

• Median Listing Price: About $1.3M, reflecting a seller’s market trend.

• Price per Sq Ft: Ranges between $795–$864, depending on data source.

2. Market Dynamics & Buyer Behavior

• Demand vs. Supply: About 378–453 homes are on the market, with ~100 new listings per month—inventory remains below balanced levels.

• Speed of Transactions: Average days on market: 29–44 days, depending on report, with quicker sales in sought-after neighborhoods.

• Competition: Over 60% of homes sell above asking price, signaling strong buyer demand.

3. Notable Pasadena Neighborhoods

• Bungalow Heaven: Historic craftsman bungalows built between 1900–1930. Price fluctuations due to restoration, with listings often around $2M+.

• Downtown Pasadena: More entry-level, with a median price of $785K in June 2025—slightly down 1.3% year‑over‑year.

• Normandie Heights: Known for wood‑exterior Craftsman homes and film appearances—highly architectural and desirable.

🧭 Why Pasadena? Key Selling Points

1. Strong Appreciation: Year-over-year price growth of 2–11%, consistently outpacing broader LA County  .

2. Sellers’ Market Conditions: Homes regularly sell above list price, with multiple offers and fast closings  .

3. Varied Buying Options: Everything from historic bungalows to modern single-family homes and condos offers something for every budget.

4. Location & Amenities: Close-knit neighborhoods (like Bungalow Heaven), dining, arts, and proximity to LA—Pasadena blends charm and convenience.

📈 Market Risks & Future Outlook

• Rising Mortgage Rates: Rates around 6.5–6.7%, with modest declines expected—but still a headwind for affordability.

• Wildfire Impacts: Recent January 2025 Southern California wildfires caused major destruction in nearby communities like Altadena. Though Pasadena itself saw limited direct damage, the regional insurance landscape has tightened and premiums spiked as a result.

• Insurance & Rebuilding Challenges: Disrupted affordability, permitting bottlenecks, and “climate gentrification” create pressure on homeowners looking to rebuild or insure properties in fire‑affected zones.