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The Pasadena housing market remains very competitive, with homes typically receiving an average of five offers and selling in about 37 days. Last month, the median sale price rose slightly by 0.9% year-over-year to $1.2M, while the median price per square foot increased significantly by 11.9% to $857. This jump in price per square foot indicates strong demand for well-located or updated properties, even as overall price growth has moderated, reflecting Pasadena’s continued appeal in a high-demand market.
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In May 2025, Pasadena’s housing market showed modest price growth, with the median home price rising 0.9% year-over-year to $1.2M. Homes are taking longer to sell, averaging 37 days on the market compared to 28 days last year, suggesting buyers are being more selective or cautious despite steady demand. However, sales activity increased notably, with 108 homes sold this May versus 90 the previous year, indicating that more inventory is being absorbed by the market. Overall, Pasadena remains an active and competitive market, with rising sales volume and stable pricing highlighting continued buyer interest.
Pasadena remains a very competitive market, with homes typically going pending in about 33 days. Many properties receive multiple offers, and some buyers are waiving contingencies to secure desirable homes. On average, homes sell for around 3% above list price, reflecting strong demand and limited inventory. Hot homes—especially those in prime locations or with updated features—can sell for as much as 8% above asking and go under contract in as little as 20 days, underscoring the urgency for buyers to act quickly in this market.
As of June 2025, Pasadena, CA is firmly in a seller’s market, with buyer demand exceeding the available housing inventory. This imbalance is creating a competitive environment where homes frequently receive multiple offers, often selling above asking price. Well-priced and move-in-ready properties, in particular, tend to attract aggressive bidding and go under contract quickly. For sellers, this market offers an opportunity to secure strong offers and favorable terms, while buyers must be prepared to act decisively, often making competitive bids and waiving contingencies to stand out.
Contact Gordon Wang today for personalized guidance, expert negotiation, and access to exclusive listings. Whether you're searching for a historic gem, a move-in-ready modern home, or a long-term investment, Gordon will help you navigate Pasadena’s competitive market with clarity and confidence.
Pasadena is known for its distinct neighborhoods, each with its own charm, atmosphere, and architectural identity. From the historic Craftsman homes of Bungalow Heaven to the estate-lined streets of Linda Vista and the walkable lifestyle of Madison Heights, understanding the feel of each neighborhood is critical. Some areas prioritize quiet tree-lined streets, while others offer proximity to dining, shopping, and cultural landmarks. Gordon can help you explore which neighborhoods best match your lifestyle, architectural preferences, and long-term goals.
Pasadena has a rich architectural legacy, and many homes are designated historic or lie within preservation zones. While these properties offer timeless beauty and unique design features, they may also come with restrictions on renovations and exterior changes. It’s important to understand what’s allowed and what will require approval from the Pasadena Historic Preservation Commission. Gordon can guide you through these guidelines and help you assess the responsibilities—and rewards—of owning a historic home.
Many homes in Pasadena were built decades ago and, while charming, may have older systems such as plumbing, electrical, or roofing that require attention. Buyers should budget for potential upgrades or renovations, particularly in homes that haven't been recently updated. Conducting thorough inspections and reviewing past permit history is key. Gordon works with trusted inspectors and can help you identify properties that offer solid structural integrity and realistic improvement potential.
Pasadena remains a very competitive market, with many homes receiving multiple offers—often above asking price. Properties in prime locations or with modern upgrades tend to move quickly, sometimes within days. Having a clear understanding of local pricing trends, recent comps, and offer strategies is crucial. Gordon has deep market knowledge and can help you craft competitive, well-structured offers that stand out—especially in fast-paced or multiple-offer situations.
Buyers in Pasadena often prioritize access to Metro Gold Line stations, major freeways (like the 210 and 134), and walkable areas near Old Town, South Lake Avenue, or Pasadena Playhouse District. If walkability or an easy commute is important to your lifestyle, be sure to factor in location specifics during your search. Gordon can help pinpoint neighborhoods that offer the ideal mix of accessibility, daily convenience, and long-term value.
Pasadena is home to several top-rated public and private schools, which can play a significant role in long-term property value. Homes in areas served by sought-after schools tend to appreciate more consistently and attract a wider pool of future buyers. Whether or not school rankings are a current priority, it’s wise to consider them as part of your investment strategy. Gordon can provide insights into school zones, buyer trends, and how education access can affect resale prospects down the line.
If you have any questions about the Pasadena housing market or are interested in exploring properties in this vibrant city, Gordon is here to help. With expert knowledge of the local market and a commitment to exceptional service, Gordon can guide you through every step of the home-buying process. Don’t wait—reach out now and take the first step toward securing your ideal property in Pasadena, CA!
Explore everything Pasadena has to offer with our comprehensive neighborhood guide. From charming streets to vibrant cultural spots, we’ve got all the details you need to fall in love with this iconic city. Dive into local insights, discover the best places to live, and uncover what makes Pasadena a sought-after destination. Start exploring now and find the perfect neighborhood to call home!
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