Pasadena, CA 91103 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Key Findings

1. The neighborhood's primary market indicator is the $1,135,500 median sold price, which represents recent transaction values in 91103 and aligns with a hot market temperature.
2. The $1,138,800 median listing price is very near the median sold price, which may indicate limited pricing gap and persistent seller strength even as interest rates exert pressure (elevated interest rate pressure).
3. The 352 median days on market signals slower sales velocity and notable pricing friction; extended time-to-contract may create selective negotiation opportunities for buyers and requires sellers to justify pricing or condition (slower sales velocity).
4. Market dynamics show year-over-year price trend up while rent trend is down, and with interest rate pressure elevated, expect continued price resilience but tighter affordability for buyers, suggesting cautious underwriting and targeted buyer outreach strategies (caution on affordability).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.