Let’s dive into the Pasadena Real Estate Market for July 2023. Last month sixty homes were sold. The average sales and median price both dropped. Last month, the least expensive home sold in Pasadena was a two-bedroom, one-bathroom, 936 square -foot located at 125 E. Claremont Street. This home sold before going onto the MLS (Multiple Listing Service) for $540,000. The most expensive home sold was a four-bedroom, four-bathroom, 3,859 square-foot home located at 1000 Arden Road. Initially listed for $4,850,000. It sold over asking in eight days for $5,011,000.
Thirty-nine of the sales sold over the asking price. Just five homes sold at the actual asking price. Sixteen sold for less than the asking price. A one bedroom one bath home on Altadena Drive was listed for $850,000 and after 109 days closed for just $725,000
Top Pasadena real estate agents dive deep into the numbers. When analyzing the Pasadena real estate market for July 2023, it’s interesting to note the range of the average price per foot. Selling for just $487.17 per foot was a 2689 square foot home on Allen. This home was on the market for 116 days. On the high end was the luxury sale on Arden, noted above. This sold for $1,298.52 per foot.
