Pasadena, CA 91103 Real Estate Market Report
ZIP Code: 91103
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
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
Note: 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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Pasadena, CA are 6.37% compared to 5.87% when typical loans in this area originated in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market signal is the $1,449,000 median sold price, which indicates recent transaction-level market value and should be prioritized over asking prices when advising pricing strategy; up price momentum and a hot market temperature support seller-side pricing power.
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There is a notable spread between the $1,271,500 median listing price and the $1,449,000 median sold price, which may indicate pricing friction or selective seller expectations versus final sale realizations and suggests listing strategies should be calibrated to recent sold comps rather than initial asks.
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Market liquidity shows slower velocity despite strong pricing: the median days on market of 317 points to elongated transaction timelines and may indicate extended negotiation or due-diligence periods even as prices trend higher; this should inform contingency timing and marketing windows for sellers and buyers.
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Macro and rental context: moderate interest rate pressure and a documented comparison of mortgage rates (current 30‑year fixed at 6.37% vs. 5.87% for early‑2026 originations) coexist with an $3,000 median market rent and an up rent year‑over‑year trend, which together suggest continued investor and renter interest but warrant caution around financing cost sensitivity.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold above market average
Sold above market average
Sold below market average
Pasadena, CA 91103 Real Estate Market Report
ZIP Code: 91103
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
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
Note: 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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Pasadena, CA are 6.37% compared to 5.87% when typical loans in this area originated in early 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
-
The neighborhood’s primary market signal is the 849,000 median sold price, which indicates current transaction-level value and should be the reference point for pricing decisions in 91103; given the hot market temperature and upward price trend, sellers can expect to set aggressive asking strategies but should validate offers against recent closed sales.
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The 301 median days on market suggests slower sales velocity than typical 'quick-turn' environments; this appears to reflect pricing friction and longer decision cycles rather than an absence of demand, so buyers and sellers should allow for extended marketing or negotiation windows.
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The 616 median price per square foot combined with a 3,018 median market rent signals relatively high price density and strong rental demand; investors and pricing strategists should use these values directly when benchmarking comparable rents and setting per-square-foot targets.
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Interest cost dynamics are a caution: moderate interest rate pressure is evident with current 30-year fixed mortgage rates shown at 6.37% versus 5.87% for typical originations earlier in 2026, which may temper buyer purchasing power and suggests underwriting sensitivity when evaluating offers and financing contingencies.
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.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold at market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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