South Pasadena, CA 91030 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

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

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

Key Findings

1. Median sold price: $1,714,500 — recent transactions point to this value as the primary indicator of market value and realized pricing in South Pasadena; given the market context, this suggests strong underlying valuation relative to typical rental levels (median market rent $2,800) and the listed asking levels.
2. There is a substantial gap between median listing price: $3,199,000 and the median sold price, which may indicate notable seller optimism or listing skew; this pricing friction appears alongside slower transaction velocity as reflected by a long median days on market: 309, suggesting some listings remain on market longer before aligning with realized sale prices.
3. Market temperature is hot and price trajectory is up year-over-year, signaling continued upward pressure on values; however, interest rate dynamics are an important moderating factor — interest rate pressure: moderate with 30-year rates for local property owners around 6.53% (0.36% lower than one year ago) may support buyer activity while still constraining affordability.
4. Pricing density remains high at median price per square foot: $1,028, indicating premium per-unit pricing in realized sales; combined with the observed listing/sold price gap and elevated days on market, this suggests sellers should be prepared for selective negotiation and buyers should prioritize financing readiness if targeting competitive segments.

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.