Avezta Realty International Corp.

South Pasadena Real Estate Market Report

Executive Summary

DB
Dan Braun

The South Pasadena, CA real estate market is currently classified as a buyer's market. The median asking price is $1.2M, down 26.3% over the past 30 days.

There are currently 46 active listings, representing 9.2 months of inventory. 14 properties have sold in the past 90 days at a median sold price of $1.6M. Inventory has increased 70.4% compared to last month.

Currently, listings spend an average of 40 days on market and the average price per square foot is $503.

Detached properties make up the largest share of the South Pasadena market at 63% of active listings with an average price of $2.7M. Condo listings follow at 34% (avg $649K).

Sales Activity & Absorption

Volume

5
Sold (30d)
14
Sold (90d)
40
Avg DOM
19
New (30d)

Market Signals

7
Price Cuts (30d)
6
New (7d)
100%
Sell-Through
97.5%
List-to-Sale

5 properties sold in the past 30 days, 19 new listings appeared in the past month, 7 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
9.2months
Strong Buyer's Market
Sell-Through Rate100.0%
Inventory Change (30d)+70.4%
Site Active Listings46

With 9.2 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $1.2M, 20% down, 25yr amortization
$5,789/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a buyer's market with more negotiating power for purchasers. The South Pasadena market currently has 46 active listings with a median price of $1.2M and 9.2 months of inventory.

  • High inventory (9.2 months) favors buyers
  • Prices declining (-26.3% in 30 days)
  • High price reduction rate (15% of listings)
  • High sell-through rate (100%)
  • Average price per square foot is $503
  • Sold properties averaged 8 days on market

For Buyers

With more inventory and less competition, buyers in South Pasadena have room to negotiate. Take time to compare options and don't rush — but be ready to act on well-priced properties. There were 6 new listings in the past week.

For Sellers

With higher inventory, pricing strategy is critical. Price at or slightly below market value to attract attention. Ensure your listing stands out with quality photos and accurate details. 7 listings have reduced their price in the past 30 days. The current sell-through rate is 100%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

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Homes for Sale in South Pasadena46 active listingsCost of Living in South PasadenaHousing, rent & expensesSold Data in South PasadenaRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 19, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.