Welcome to my comprehensive Altadena real estate market analysis, April Market at a glance. As of April 19, 2024. Understanding the dynamics of local real estate trends is crucial for prospective and current homeowners and those looking to sell. This analysis will cover the trends and changes in the market over the last 30 days, comparing data from April to the previous month of March. This insight will help you grasp the evolving value of one of your most significant investments and guide your decision-making in buying or selling property.
Altadena, a community noted for its charming character and scenic views, offers a unique blend of urban and suburban living. Nestled just north of Pasadena, its residents enjoy a blend of cultural richness and natural beauty, making it an attractive location for a diverse range of buyers and investors.
As of April 19, 2024, the Altadena real estate landscape shows significant activity:
- Number of homes on the market: 35
- Median List Price: $1,600,000
- Price per square foot: $815
- Number of sold homes: 19
- Median sold price over the past month: $1,250,000
- Average market time: 10 days
Comparatively, the March statistics were as follows:
- Number of homes on the market: 24
- Median List Price: $1,399,000
- Price per square foot: $734
- Number of sold homes: 21
- Median sold price over the past month: $1,240,000
- Average market time: 16 days
Comparing the Altadena housing market from March to April 2024
There are some interesting dynamics that are important for consumers to understand. As of April, there were 35 homes on the market with a median listing price of $1,600,000 and a price per square foot of $815. This represents a significant increase from March when there were only 24 homes on the market with a median listing price of $1,399,000 and a price per square foot of $734. The increase in the number of homes available and the prices suggests a strengthening market likely influenced by high demand and possibly lower inventory levels at the start of the spring selling season. This trend could signal a good opportunity for sellers to achieve favorable sale prices, while buyers might face more competition and higher pricing, emphasizing the need for timely and informed decision-making in their real estate ventures.
How Can This Market Work for You?
Understanding the real estate market is the first step toward making an informed property decision. Whether you are a first-time homebuyer, a seasoned property investor, or someone looking to sell, these statistics can provide valuable insights. However, data is just the starting point. To truly make the market work for you, you’ll need a seasoned professional who can interpret these numbers and provide tailored advice.
That’s where I come in. As a Broker Associate with JohnHart Real Estate, with 35 years of experience in the field, I can help you navigate the complexities of the Altadena real estate market. Whether you’re planning to buy, sell, or simply explore your options, let’s discuss how you can leverage these market conditions to your advantage. You can reach me, Robbyn Battles, at 818-388-1631 or via email at Robbyn@TheHouseAgent.com.
Check out at the homes listed for sale in Altadena:
Sorry we are experiencing system issues. Please try again.