Altadena's real estate market is experiencing a price correction, with values down 5.1% from last year. The median home price in Altadena currently stands at $1,300,000. At the current pace, all available homes in Altadena would sell out in just 1.3 months, indicating a continued supply shortage. Homes are taking about 36 days to sell, which is -3 days longer than this time last year. The majority of homes (56.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Altadena market with the affordability index at 173.1. Based on current market indicators, home prices in Altadena are projected to decrease by approximately 5.8% over the next month.
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