Let’s dive into the Pasadena housing market for October 2022. Pasadena housing remains strong with sixty-three homes sold in October. Thirty-five of these homes sold over the asking price, seven at the asking and twenty-one below their asking price. Furthermore, many Los Angeles homes have price reductions, but Pasadena does not seem to yet be affected by this.
The average price per square foot increased, while the average selling price decreased slightly. However, the median remained the same.
The least expensive home sold in Pasadena last month was a one-bedroom, one-bathroom, 708-square-foot home located at 3131 Alameda St. This property was originally listed for $699,000 and sold for $525,000 in ninety-seven days. The most expensive home sold was a four-bedroom, five-bathroom, 4,601 sq. ft. home located at 1197 Arden Road. Listed for $6,998,000 and selling at $6,490,000 in eighty-nine days.
Some consider the community of Pasadena the New York of the West Coast. It is extremely walkable and offers great public transportation. Pasadena is home to many fine dining and shopping options. Old Town is a popular destination.
Overall the Pasadena Housing Market October 2022 reflects a strong seller’s market. Therefore it will be interesting to learn if the most recent interest rate hike changes this.
Related Post: 1197 Arden Rd. Pasadena luxury sale
