South Pasadena Housing Market Report – May 2026
Here's a look at how the South Pasadena, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 21
- Median Sale Price: $1,773,000
- Average Sale Price: $2,098,845
- Average Price Per Sq Ft: $969
- Average Days on Market: 54
- Sale-to-List Price Ratio: 108.0%
Month-Over-Month Trends
Compared to April, the median sale price in South Pasadena moved 20.3% down (from $2,225,067 to $1,773,000). The number of homes sold was 16.7% up compared to the prior month (18 vs. 21). Average days on market shifted 20.0% up (45 days to 54 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 1.2% up (from $1,752,500 to $1,773,000). Sales volume is 4.5% down year-over-year.
What This Means
South Pasadena's housing market is showing mixed signals as we head into summer. While sales volume ticked up this month, the median price dropped significantly—down 20.3% from April—which suggests we're seeing more activity at the lower end of the market rather than a genuine surge. That said, sellers still maintain considerable leverage: homes are selling well above asking at 108% of list price, and the year-over-year median remains essentially flat, indicating the market hasn't fundamentally weakened despite seasonal softness.
The real concern is inventory movement. Days on market climbed to 54 days from 45 in April, signaling that homes are lingering longer before finding buyers. Current active listings show an even starker picture—those properties have averaged 101 days on market, nearly double what sold homes experienced. This suggests we're entering a slower season typical of late spring in Southern California, possibly exacerbated by persistent interest rate concerns keeping some buyers on the sidelines.
For the market overall, South Pasadena remains a seller's market, but momentum is cooling. Buyers have a bit more negotiating room than they did months ago, while sellers should price competitively if they want quick sales. The 55 active listings represent growing choice in a market that was previously tight.
South Pasadena Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91030 | 21 | $1,773,000 | $969 | 54 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 14 | $2,122,500 | $1,068 |
| CONDOS | 2 | $812,500 | $817 |
| OTHER | 2 | $2,875,000 | $639 |
| TOWNHOMES | 2 | $1,420,000 | $763 |
| LAND | 1 | $225,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $750K+ | 20 |
Current Active Listings
As of this report, there are 55 active listings in South Pasadena with a median asking price of $1,299,000 and an average of 101 days on market.
Thinking About Selling Your South Pasadena Home?
If you're a homeowner in South 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 South Pasadena and throughout Los Angeles County — get a no-obligation cash offer today.