Is Pasadena, CA 91123 a buyer’s or seller’s market?
Pasadena is a seller’s market. With about 1.6 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Pasadena housing market right now
In the three months ending August 31, 2026, 25% of homes in Pasadena, CA 91123 sold above their list price, the typical home went under contract in 83 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (15 days then) and the median sale price held steady to $2,873,756. Overall, Pasadena is less competitive than a year ago, which gives buyers more room.
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Where Pasadena is
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Questions about Pasadena real estate
Is Pasadena a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Pasadena, CA 91123 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pasadena?
The typical home went under contract in 83 days in the latest three months.
Do homes in Pasadena sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 92.4% of the list price.
What is the median home price in Pasadena?
The median sale price was $2,873,756 in the three months ending August 31, 2026, about $823 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology