Pasadena Housing Market Report – May 2026
Here's a look at how the Pasadena, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 103
- Median Sale Price: $1,360,000
- Average Sale Price: $1,785,112
- Average Price Per Sq Ft: $832
- Average Days on Market: 67
- Sale-to-List Price Ratio: 103.3%
Month-Over-Month Trends
Compared to April, the median sale price in Pasadena moved 13.3% up (from $1,200,000 to $1,360,000). The number of homes sold was 11.2% down compared to the prior month (116 vs. 103). Average days on market shifted 21.8% up (55 days to 67 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 12.4% up (from $1,210,000 to $1,360,000). Sales volume is 22.6% down year-over-year.
What This Means
Pasadena's real estate market is showing signs of tightening supply paired with sustained buyer demand, though activity is cooling somewhat as we move into late spring. The median price jumped 13.3% month-over-month to $1.36 million, continuing a robust year-over-year appreciation trend of 12.4%. What's particularly telling is that homes are selling above asking price—the 103.3% sale-to-list ratio indicates buyers are still competing for inventory, a hallmark of a seller's market. However, the metric to watch is days on market, which climbed from 55 to 67 days. This suggests homes aren't flying off the shelf quite as quickly as they were in spring, likely reflecting typical seasonal slowdown and possibly lingering affordability headwinds from interest rate levels.
The inventory picture is revealing the real story here. With 429 active listings on the market, supply remains relatively constrained compared to historical norms, yet properties are taking longer to sell. The median asking price of $1.265 million sits notably below the median sold price, which typically indicates competitive conditions but could also suggest some price discovery happening as the market cools. Single-family homes dominate transactions at 53 sales, reflecting Pasadena's character. Unless supply expands significantly, price appreciation will likely persist, but expect buyer negotiations to become more substantive as summer approaches.
Pasadena Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91107 | 32 | $1,467,500 | $778 | 72 |
| 91105 | 17 | $1,400,000 | $882 | 39 |
| 91104 | 16 | $1,542,500 | $824 | 64 |
| 91101 | 14 | $821,000 | $810 | 80 |
| 91103 | 13 | $1,450,000 | $877 | 85 |
| 91106 | 10 | $2,100,500 | $848 | 68 |
| 91108 | 1 | $2,010,777 | $1,360 | 19 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 53 | $1,709,675 | $952 |
| CONDOS | 31 | $785,000 | $707 |
| MULTI_FAMILY | 8 | $1,545,000 | $582 |
| TOWNHOMES | 7 | $910,000 | $646 |
| OTHER | 2 | $2,945,000 | $747 |
| CONDO | 1 | $2,850,000 | $794 |
| LAND | 1 | $2,200,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 2 |
| $500K - $749K | 12 |
| $750K+ | 89 |
Current Active Listings
As of this report, there are 429 active listings in Pasadena with a median asking price of $1,265,000 and an average of 73 days on market.
Thinking About Selling Your Pasadena Home?
If you're a homeowner in Pasadena considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Pasadena and throughout Los Angeles County — get a no-obligation cash offer today.