South Pasadena, CA Housing Market
Median List Price
$1,999,000
Updated August 2026
Today, South Pasadena has 25 homes for sale at a median list price of $1,999,000, typically selling in about 51 days.
South Pasadena Market Analysis
Buyers in South Pasadena, CA are looking at a median list price of $2M. Median pricing works out to $784 per square foot. Since February, the median price has moved down about 3.1% to $1.9M as of July.
It takes about 19 days for the typical home here to go under contract. That is a quick turnaround, so buyers who wait on a well priced home often miss it. South Pasadena, CA has 25 active listings on the market right now. 11 new listings came on the market in the last 30 days.
Pricing spreads from a $948,500 median for two bedroom homes to $2.3M for four bedroom homes. Most of what is for sale here is single family homes, about 68.0% of the mix, with condos accounting for another 24.0%. Addresses here carry the 91030 ZIP code.
South Pasadena Rental Market
Renters in South Pasadena, CA are looking at a median asking rent of $5,000. Since February, the median rent has moved up about 8.6% to $3,800 as of July. South Pasadena, CA has 10 active rental listings on the market right now.
South Pasadena Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.5 months of supply, yet 36% of sellers have trimmed their asking price, and sale prices have eased 3% over the last six months, though they remain 10% above a year ago, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$2.00M
↑ 10% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.5 months of supply
Tight Supply25 active listings against the current sales pace works out to about 2.5 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~51 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 50% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 48% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in South Pasadena
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
44%
Homeowners
56%
Renters
Homeownership is 11.5 points lower than the California average (55.5%)
10,413 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $627K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$1.1M)
Price Reductions
9 listings have reduced their price
36% of active listings
Average reduction: 10.3% (~$206K)
Browse South Pasadena Listings
Frequently Asked Questions about the South Pasadena, CA Housing Market
What is the median home price in South Pasadena, CA?
The median list price in South Pasadena is $1,999,000 as of August 2026, based on 25 active listings.
Is South Pasadena a buyer's market or a seller's market?
South Pasadena currently reads as a balanced market. Active inventory works out to about 2.5 months of supply at the recent sales pace.
How fast do homes sell in South Pasadena?
Homes that closed in the last 90 days typically went under contract in about 19 days. The average home currently for sale has been on the market for 51 days.
Are home prices in South Pasadena going up or down?
The median sale price in South Pasadena is up about 9.9% compared with a year ago.
How many homes are for sale in South Pasadena, CA?
There are 25 homes for sale in South Pasadena right now, including 3 listed within the last week.
What is the median rent in South Pasadena?
The median asking rent in South Pasadena is $5,000 per month, across 10 active rental listings.