Let’s dive into the Pasadena real estate market for May 2026. Last month, buyers closed on fifty-one homes in Pasadena. Of those, twenty-eight sold above the asking price, four at asking, and nineteen sold below the list price. A three-bedroom, two-bathroom home at 910 Arwin St. sold for $586.48 per square foot. Meanwhile, a four-bedroom, three-bathroom home at 546 La Loma Road sold for $1504.77 per square foot.
The least expensive home sold in Pasadena was a one-bedroom, one-bathroom, 840-square-foot house at 233 Ohio St. Initially listed for $599,000, it sold in 125 days for $550,000. The most expensive home sold was a six-bedroom, eleven-bathroom, 10,918-square-foot house at 262 S San Rafael Ave. This home was initially listed at $12,000,000, remained on the market for over a year, and eventually sold for $11,000,000.
Pasadena Housing Market Insight
While the number of closed sales declined from fifty-nine in April to fifty-one in May, buyer demand remained strong. Homes sold for an average of 104.9% of their asking price. More than half of all sales closed above list price. Days on market continued to improve, falling from forty days in April to just thirty-eight days in May, indicating that well-priced homes are still attracting buyers quickly.
Year-to-date, Pasadena’s housing market has shown remarkable resilience. The average sale price reached $2,270,162 in May, the highest monthly average of 2026 so far, while the median sales price remained above $1.7 million. Although the average price per square foot dipped slightly from April’s peak, it remained elevated at $937.21, reflecting continued demand across many Pasadena neighborhoods. Overall, limited inventory and competitive bidding continue to support home values, particularly for updated homes in desirable locations.
