South Pasadena, CA 91030 Real Estate Market Report

ZIP Code: 91030
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The South Pasadena real estate market is currently characterized by a median sold price of $1,800,000, reflecting a competitive environment for buyers and sellers alike. This price point underscores a robust market dynamic, particularly as the area has seen an upward trend in prices, contributing to a hot market temperature. The median listing price stands at $3,198,000, indicating a significant gap between seller expectations and actual transaction values, which may suggest pricing friction in the market.

Transaction activity appears moderate, with 300 median days on market, indicating slower sales velocity. This extended time frame may point to elevated inventory levels relative to sales activity, suggesting that while demand remains strong, the market is experiencing a degree of excess supply. Overall, the market conditions in South Pasadena reflect a complex interplay of high seller expectations and a competitive buyer landscape, supported by a positive local economic outlook.

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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.

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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.

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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.

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Property Taxes

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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.

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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.

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Key Findings

1. The median sold price of $1,800,000 indicates strong market activity, despite a significant gap from the median listing price of $3,198,000.

2. With 300 median days on market, the market is experiencing slower sales velocity, suggesting potential pricing adjustments may be needed.

3. The median market rent of $3,470 reflects increasing demand in the rental sector, supporting overall market stability.

4. The market temperature is classified as hot, indicating strong buyer interest despite elevated inventory levels.

5. Elevated interest rate pressure may impact future buyer behavior, leading to potential softening in market conditions.

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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.