South Pasadena Housing Market Report – July 2026
Here's a look at how the South Pasadena, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 20
- Median Sale Price: $1,675,000
- Average Sale Price: $1,799,725
- Average Price Per Sq Ft: $941
- Average Days on Market: 54
- Sale-to-List Price Ratio: 110.2%
Month-Over-Month Trends
Compared to June, the median sale price in South Pasadena moved 12.5% down (from $1,915,000 to $1,675,000). The number of homes sold was 42.9% up compared to the prior month (14 vs. 20). Average days on market shifted 8.0% up (50 days to 54 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 22.1% down (from $2,150,000 to $1,675,000). Sales volume is 13.0% down year-over-year.
What This Means
South Pasadena's housing market is showing signs of stabilization after a year of significant price correction. The median sale price of $1.675 million is down 22 percent year-over-year, reflecting the broader cooling that's characterized Southern California since interest rates climbed. However, the month-over-month median price dip of 12.5 percent should be taken with a grain of salt—this likely reflects normal July seasonality rather than panic selling, as summer typically brings softer pricing in premium markets like South Pasadena.
What's more telling is the robust sale-to-list price ratio of 110.2 percent, indicating that homes are still commanding prices above asking in this sought-after community. At $941 per square foot, the market remains expensive but increasingly accessible compared to last year's highs. The uptick in average days on market to 54 days suggests properties aren't flying off shelves anymore, which is healthy after years of frenzied bidding wars.
With 61 active listings on the market and an asking median of $1.888 million, inventory appears healthier than the scarcity of years past. Homes are taking longer to sell, but they're still selling above list price—a sweet spot for both buyers gaining negotiating power and sellers still achieving strong results. The market has found its footing in a new, more rational equilibrium.
South Pasadena Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 91030 | 20 | $1,675,000 | $941 | 54 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 16 | $1,917,500 | $972 |
| CONDOS | 3 | $1,130,000 | $776 |
| MULTI_FAMILY | 1 | $1,650,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $750K+ | 20 |
Current Active Listings
As of this report, there are 61 active listings in South Pasadena with a median asking price of $1,888,888 and an average of 105 days on market.
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