Altadena, CA Real Estate Listings & Homes for Sale

In June 2025, Altadena’s housing market showed signs of significant cooling, with home prices dropping by 30.5% year-over-year to a median of $1.0M. This steep decline suggests a market correction following previously overheated price levels, potentially driven by shifting buyer sentiment, higher borrowing costs, or a recalibration of value in the area. The slight increase in days on market—from 27 to 31 days—indicates homes are taking longer to sell, hinting at reduced urgency among buyers. Additionally, with only 24 homes sold compared to 32 last year, overall demand appears to be softening. Together, these trends point toward a more cautious and price-sensitive market environment in Altadena.

Despite a sharp year-over-year price decline, Altadena remains a highly competitive market in June 2025, signaling that well-priced homes continue to attract strong buyer interest. The fact that many listings receive multiple offers—sometimes with waived contingencies—shows that demand is still concentrated around desirable properties. While the average home sells at around list price in 35 days, hot homes are commanding up to 6% above asking and going under contract in just 21 days. This contrast suggests a bifurcation in the market, where buyers are willing to act aggressively for quality or well-located homes, even as the broader market adjusts to new pricing realities.

Altadena, CA remained a seller’s market in June 2025, reflecting tight inventory and sustained buyer demand despite broader price declines. The imbalance between supply and demand means sellers still hold leverage, particularly for well-maintained or competitively priced homes. This dynamic helps explain the continued presence of multiple offers and fast-moving hot listings, even as the overall number of sales and median prices drop. In essence, motivated buyers are still competing, just more selectively—underscoring a market that favors sellers, but rewards strategic pricing and presentation.