Pasadena Homes for Sale Under $500,000

Use this Pasadena search under $500,000 alongside the sales data below to see how far the money goes. Census figures for 2020 to 2024 place 6% of Pasadena owner homes under $500,000.

Lowest Neighborhood Medians

Even the lowest Redfin neighborhood median in Pasadena, Downtown Pasadena at $740,000 on 52 sales, sits well above $500,000, so homes in this search are likely to be smaller condos or co-ops.

Pace and Supply

For condos and co-ops, median time on market was 54 days. Inventory of condos in Pasadena was about 159 listings. The sale to list ratio for condos averaged 100.0%. Sellers added 385 fresh listings over those three months. Supply across the city stood at 3.9 months. Within two weeks, 29% of homes listed in Pasadena were off the market.

Recent Sale Prices

The condo price per square foot came in near $631. Citywide, buyers paid a median of $747 per square foot. That quarter, 278 Pasadena homes of every type sold, and the middle price was $1.18M. The two to four unit median in Pasadena was $1.18M across 14 closings.

Census Housing Data

Locally, 44% of units sit in buildings with five or more units. Small buildings of two to four units hold 7% of Pasadena housing. Owner estimates below $500,000 cover 6% of Pasadena homes in Census data. Census data place 29% of local units before 1940. About 23% of homes here were built between 1960 and 1979. ACS dates 14% of local units to 1980 through 1999.

HOA and FHA Basics

Compare total monthly cost, not just price. FHA loans on condos need a project the program accepts. Ask how many units in the building are rented. General information only, not legal, lending or tax advice.

Have a home to sell in Pasadena? Ask for a free home value first.

See also: Pasadena homes for sale, Pasadena townhomes, Pasadena homes $2 million and up.

Sources: U.S. Census ACS 2020-2024 5-year estimates and Redfin, a national real estate brokerage (Jul-Sep 2026).

Jay Romero, Broker, DRE 01343079 | Miamar Realty | Call (949) 822-8702

Miamar Realty | Corporate DRE #02192235 | 14241 Firestone Blvd #400, La Mirada, CA 90638 | Equal Housing Opportunity.

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