Let’s dive into the Pasadena real estate market for September 2026. Fewer Homes Sold in September. September saw 45 closed sales, significantly lower than August’s 62 and June’s year-to-date high of 68. Of those, 22 sold above the asking price, 3 at asking price, and 20 below the list price. A seven-bedroom, three-bathroom home at 105 El Nido Ave. sold for $461.94 per square foot.
Meanwhile, a five-bedroom, seven-bathroom home at 512 Bradford St. sold for $1350.42 per square foot. This was the most expensive home sold last month, listed for $9,995,000 and sold in 41 days for $9,500,000.
The least expensive home sold in Pasadena was a three-bedroom, one-bathroom, 832-square-foot house at 625 E. Penn St. Initially listed for $699,000, it sold in just 10 days for $730,000.
September’s absorption rate was 2.89%, the highest monthly figure shown in the year-to-date statistics. Absorption rate is one of the statistics I like to watch because it provides insight into the relationship between available inventory and the pace at which homes are selling. A higher absorption rate can indicate a market with more inventory relative to sales activity.
