Let’s take an in-depth look at the Pasadena Housing Market for May 2022: Last month eighty homes sold. Both the average selling price and median price are the highest year to date. The least expensive sale was a two-bedroom, one bathroom, 912 square foot home located at 448 N. Wilson. It sold for $718,000 while originally listed for $714,900 and sold in thirteen days.
The most expensive Pasadena sale was a five-bedroom, seven-bathroom, 5,905, square foot home located at 775 Holladay Road. It sold for $7,125,000, initially listed for $6,395,000, and sold in fifteen days.
Although interest rates have increased, it continues to be an extremely strong seller’s market, as evidenced by the low absorption rate.
