Price Cuts Bottom in South Pasadena Real Estate Market

The South Pasadena market added another 16 transactions over the last 30 days. With one price reduction, the lowest amount since last January, the market may be getting more expensive. In comparison, Los Angeles led all other nearby municipalities with 770 price reductions. Furthermore, a six-week downward trend in price reductions is expected to continue over the coming weeks. The median sales price dropped to $1,165,750, down from last week's $1,327,000. Along with the downward trend in price reductions, a relatively low two months of inventory indicates that South Pasadena is a strong seller's market.

If you're looking for a large number of bathrooms, take a look at these three homes in South Pasadena that offer the most of all available listings:

$2.9M   $3.3M   $2.5M  

Get started right now by checking out South Pasadena homes for sale or reviewing South Pasadena real estate trends.

Demographic facts for South Pasadena:

  • There are currently 10,467 households in the area.
  • The unemployment rate is 11.5%.
  • The average expenditures for each student in the area is $4,680. ($5,691 = national average)

Data reported through 1/12/2017


Ask a local expert about this area:
John Aaroe Group
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Meridian Capital Real Estate
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