Foreclosure Homes in Pasadena, CA

Current Market Conditions in Pasadena, CA

The Pasadena real estate market is currently experiencing high demand with competitive bidding situations for homes, particularly in historic districts. The market has seen a steady increase in home values due to the city's desirability and limited inventory. Buyers are often faced with multiple offers on properties, making it essential to act quickly when listings become available.

In recent months, there has been a slight increase in home sales, suggesting a recovering market following the initial pandemic-related slowdown. The average days on the market have decreased, and new listings are being met with enthusiasm by potential buyers.

Rent Prices In Pasadena, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pasadena, CA, is on a rollercoaster ride. The average rent price in Pasadena, CA, is $3,099.00. Indeed, when looking to rent in Pasadena, CA, you can expect to pay as little as $1,270.00 or as much as $7,220.00, with the average rent median estimated to be $2,960.00. The good news is that finding an affordable and desirable property to rent in Pasadena, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.