PASADENA AND GIBSON ISLAND HOUSING MARKET DATA

There was an increase in total units sold in April, with 70 sold this month in Pasadena and Gibson Island Real Estate. This month's total units sold was higher than at this time last year.

Versus last year, the total number of homes available this month is higher by 11 units or 11%. The total number of active inventory this April was 114 compared to 103 in April 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 118, a decrease of 3%.

Last April, the median sale price for Pasadena and Gibson Island Homes was $415,000. This April, the median sale price was $450,000, an increase of 8% or $35,000 compared to last year. The current median sold price is 5% lower than in March.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In April, there was 1.6 months of supply available in Pasadena and Gibson Island, compared to 2.1 in April 2024. That is a decrease of 23% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 102 homes newly listed for sale in Pasadena and Gibson Island compared to 101 in April 2024, an increase of 1%. There were 100 current contracts pending sale this April compared to 82 a year ago. The number of current contracts is 22% higher than last April.

In April, the average sale price in Pasadena and Gibson Island was 101.3% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 18, higher than the average last year, which was 14, an increase of 29%.





FOCUS ON: PASADENA AND GIBSON ISLAND HOUSING MARKET			APRIL 2025

Zip Code(s): 21122 and 21056
Units Sold 70	Active Inventory 114	Median Sale Price $450,000	Days On Market 18

Up Vs. Year Ago	Up 11% Vs. Year Ago	Up 8% Vs. Year Ago	Up 29% Vs. Year Ago


		Units Sold There was an increase in total units sold in April, with 70 sold this month in Pasadena and Gibson Island Real Estate. This month's total units sold was higher than at this time last year.
Active Inventory Versus last year, the total number of homes available this month is higher by 11 units or 11%. The total number of active inventory this April was 114 compared to 103 in April 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 118, a decrease of 3%.
		Median Sale Price Last April, the median sale price for Pasadena and Gibson Island Homes was $415,000. This April, the median sale price was $450,000, an increase of 8% or $35,000 compared to last year. The current median sold price is 5% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 102	Current Contracts 100	Sold Vs. List Price 101.3%	Months of Supply 1.6

Up 1% Vs. Year Ago	Up 22% Vs. Year Ago	No Change Vs. Year Ago	Down -22% Vs. Year Ago


		Months of Supply In April, there was 1.6 months of supply available in Pasadena and Gibson Island, compared to 2.1 in April 2024. That is a decrease of 23% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 102 homes newly listed for sale in Pasadena and Gibson Island compared to 101 in April 2024, an increase of 1%. There were 100 current contracts pending sale this April compared to 82 a year ago. The number of current contracts is 22% higher than last April.
		Sale Price to List Price Ratio In April, the average sale price in Pasadena and Gibson Island was 101.3% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 18, higher than the average last year, which was 14, an increase of 29%.


	Pasadena and Gibson Island are defined as properties listed in zip code/s 21122 and 21056.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.