View homes for sale in Pasadena, CA with real estate agent Amy Engler.
South Pasadena, CA Housing Market
In November 2024, South Pasadena experienced a significant surge in home prices, with the median price reaching $2.3 million—a remarkable 40.2% increase compared to the same period last year. This growth reflects the city’s strong demand for real estate, driven by its desirable location and high-quality amenities. While homes are now spending an average of 26 days on the market, slightly longer than the 22 days seen last year, the increase in sales volume is notable, with 12 homes sold in November 2024 compared to just 8 in November 2023. This uptick highlights a resilient and competitive housing market, even amidst extended listing durations.
South Pasadena’s real estate market maintains a moderate level of competitiveness, with homes typically selling within 46 days. While the average home sells for about 5% above the list price and goes pending in approximately 46 days, certain properties—especially those in high demand—see significantly faster and more competitive transactions. These "hot homes" can sell for as much as 14% above the asking price, often going pending in just 23 days. This dynamic highlights the appeal of South Pasadena’s market, where desirable properties can attract multiple offers and command premium prices, reflecting strong buyer interest and limited inventory.
As of November 2024, South Pasadena, CA, is firmly a seller’s market, indicating that demand for homes outweighs the available supply. This imbalance creates favorable conditions for sellers, as competition among buyers often leads to higher prices and quicker sales. With limited inventory and strong interest in the area, South Pasadena continues to attract buyers seeking its unique charm, excellent schools, and vibrant community, further driving the competitiveness of the local real estate market.
Whether you have questions about the South Pasadena real estate market or you’re ready to explore available properties, Amy is here to help. With deep local expertise and a passion for connecting clients with their perfect homes, Amy will guide you through every step of the process. Don’t wait—South Pasadena’s competitive market moves quickly! Reach out now to start your journey toward owning a property in this sought-after community.
Thinking about making South Pasadena your next home? Explore our comprehensive neighborhood guide to uncover everything this charming city has to offer. From its vibrant community and excellent schools to the best local dining and hidden gems, our guide has all the insights you need. Start your journey today and get to know why South Pasadena is one of California’s most sought-after locations!
As a consistent top producer within her brokerage Amy is a hardworking and trustworthy real estate professional who makes sure that her clients receive the great service they deserve.
