Pasadena, CA 91103 Real Estate Market Report

ZIP Code: 91103
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of April 2026, the real estate market in Pasadena, CA (ZIP: 91103) is characterized by a median sold price of $1,300,000, reflecting a strong market despite the median days on market averaging 347 days. This indicates a slower sales velocity, which may suggest a degree of pricing friction as buyers weigh their options in a market that has increased up since the previous year. The median listing price stands at $1,288,000, indicating that seller expectations are closely aligned with actual transaction values, although the extended days on market could imply some hesitance among buyers to commit at current price levels.

The market is currently experiencing elevated inventory levels, with a notable disparity between active listings and sold properties. This excess supply relative to sales activity may create opportunities for buyers, but the overall market temperature remains hot, supported by a stable local economy and moderate interest rate pressure. The median market rent is recorded at $2,888, which further underscores the strong demand for rental properties in the area, contributing to the overall attractiveness of the market for both buyers and investors.

---

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

---

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 in Pasadena, CA are averaging 6.62%, which is 0.4% higher than the average rate of 6.2% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $1,300,000 indicates a strong market performance, reflecting actual transaction values.

2. With 347 days on market, the sales velocity appears slower, suggesting potential pricing friction for sellers.

3. Elevated inventory levels may create opportunities for buyers, as there is excess supply relative to sales activity.

4. The market temperature is hot, indicating strong demand despite longer days on market.

5. The median market rent of $2,888 highlights ongoing rental demand, supporting overall market stability.

---

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.