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Featured local agent — South Pasadena, FL
Sarah Mitchell
Compass Real Estate · South Pasadena, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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South Pasadena, FL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$245,000median sale price
How is the South Pasadena, FL housing market right now?
The median home sale price in South Pasadena, FL is $245,000, down 38.0% year-over-year. Homes sell in an average of 120 days with 100 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is South Pasadena a buyer's or seller's market?
South Pasadena, FL is currently a buyer's market, based on 6.7 months of supply and homes selling in about 120 days. How we determine this →
Homes sold
15
Last 12 weeks
Days on market
120
Average pace
Active listings
100
6.7 months supply
Sale-to-list
94.7%
Below asking
What does the South Pasadena housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $245,000 |
| Median list price | $314,700 |
| Year-over-year price change | -38.0% |
| Average days on market | 120 days |
| Active inventory | 100 listings |
| Months of supply | 6.7 months |
| Sale-to-list price ratio | 94.7% |
| Median price per sq ft | $197/sq ft |
| Homes sold (latest month) | 15 |
| New listings (latest month) | 21 |
| Listings with a price cut | 35.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in South Pasadena by property type?
How the South Pasadena, FL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $231,000 | $195/sq ft | 11 | 185 days |
Source: Redfin · Updated monthly
The South Pasadena housing market is currently classified as a buyer's market with a median sale price of $245,000. Prices have fallen 38.0% compared to last year, with homes spending an average of 120 days on market, indicating 6.7 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 5.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in South Pasadena
There are currently 100 homes listed for sale in South Pasadena, Florida. The median listing price is $315K.
Active listings
100
Homes on market
Median list price
$315K
Avg. days on market
120
Days until sale
New this week
21
Newly listed
Who lives in South Pasadena?
Population
5,324
Median income
$51,369/yr
Median age
68.4 years
Owner-occupied
55.2%
College grads
34.8%
Avg commute
22.7 min
Source: U.S. Census Bureau ACS
What are homes worth in South Pasadena?
Zillow home value
$301,917
Zillow rent index
$2,302/mo
Price-to-rent ratio
10.9x
Price-to-income
5.9x
Source: Zillow Research
What is it like to live in South Pasadena?
South Pasadena is a community of approximately 5K residents with a median age of 68.4 years.The median household income is $51,369, which represents a working-class community with solid middle-income opportunities. 34.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 55.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, South Pasadena offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near South Pasadena, FL?
Want a head-to-head view? Compare South Pasadena side-by-side with any other U.S. city using our market-comparison tool.
Is South Pasadena a good real estate investment market?
For investors evaluating South Pasadena, the price-to-rent ratio of 10.9x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 38.0% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on South Pasadena's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using South Pasadena's median home price.
Frequently asked questions
What is the average home price in South Pasadena?
The median home sale price in South Pasadena is $245,000, down 38.0% from last year.
How long do homes stay on market in South Pasadena?
Homes typically spend 120 days on market before going under contract.
What is the median income in South Pasadena?
The median household income is $51,369 per year.
Is South Pasadena a buyer's or seller's market?
With 6.7 months of supply, South Pasadena is currently a buyer's market.
What is the Zillow home value estimate for South Pasadena?
The Zillow Home Value Index (ZHVI) for South Pasadena is $301,917, representing the typical home value in the area.
What is the median condo price in South Pasadena?
The median condo/co-op sale price in South Pasadena, FL is $231,000, based on the latest Redfin data.
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