Why Live in Pasadena
Pasadena's historic Old Town district features unique shops and architectural treasures, while cultural landmarks like the Norton Simon Museum and The Huntington Library showcase world-renowned art collections and botanical gardens. The city hosts the iconic Rose Bowl Stadium and annual Rose Parade, alongside architectural gems like the Beaux Arts Colorado Street Bridge and Italian Renaissance-style City Hall. Residents enjoy hiking to Eaton Canyon's waterfall, exploring Arlington Garden, and attending performances at the historic Pasadena Playhouse. The dining scene includes upscale options like The Raymond 1886 and Union Restaurant, plus local favorites such as Green Street Restaurant and The Luggage Room Pizzeria.
The real estate landscape varies by neighborhood. San Rafael Hills has a median single family home price of $1,612,000, while Linda Vista commands $3,110,000. Oak Knoll's median single family home price reaches $2,960,000. Condominiums in Old Town Pasadena start at a median price of $766,900 for one bedroom units and $1,195,000 for two bedrooms. Madison Heights offers more accessible condo options with median prices of $528,000 for one bedroom and $740,900 for two bedroom units.
Property taxes in Pasadena maintain a 0.69% effective rate, matching neighboring cities like Glendale and Los Angeles. The combined sales tax rate is 8.80%, including a 7.25% state rate and 1.55% local rate. California state income tax is 6.00% for yearly salaries of $41,901.
Educational options include highly rated public schools like San Marino High School and Pasadena High School. Private institutions such as Westridge School and La Salle College Preparatory maintain A+ ratings. The California Institute of Technology and Art Center College of Design add to the academic landscape. Commuters benefit from the Metro L Line light rail connection to downtown Los Angeles, plus local Pasadena Transit and LA Metro bus service.
Home Trends in Pasadena, CA
On average, homes in Pasadena, CA sell after 34 days on the market compared to the national average of 50 days. The median sale price for homes in Pasadena, CA over the last 12 months is $1,240,518, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$1,240,518
Median Single Family Sale Price
$1,595,250
Median Townhouse Sale Price
$1,224,000
Median 2 Bedroom Sale Price
$809,000
Median 1 Bedroom Sale Price
$600,000
Average Price Per Sq Ft
$830
Number of Homes for Sale
254
Last 12 months Home Sales
1,946
Median List Price
$1,200,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
3%