PASADENA AND GIBSON ISLAND HOUSING MARKET DATA

There was an increase in total units sold in May, with 91 sold this month in Pasadena and Gibson Island Real Estate versus 73 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 11% versus May 2024.

Versus last year, the total number of homes available this month is higher by 2 units or 2%. The total number of active inventory this May was 112 compared to 110 in May 2024. This month's total of 112 is lower than the previous month's total supply of available inventory of 146, a decrease of 23%.

Last May, the median sale price for Pasadena and Gibson Island Homes was $451,726. This May, the median sale price was $435,000, a decrease of 4% or $16,726 compared to last year. The current median sold price is 3% lower than in April.

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

In May, there was 1.2 months of supply available in Pasadena and Gibson Island, compared to 1.3 in May 2024. That is a decrease of 8% 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 115 homes newly listed for sale in Pasadena and Gibson Island compared to 117 in May 2024, a decrease of 2%. There were 99 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 2% lower than last month.

In May, the average sale price in Pasadena and Gibson Island was 101.2% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 13, lower than the average last year, which was 14, a decrease of 7%.





FOCUS ON: PASADENA AND GIBSON ISLAND HOUSING MARKET			MAY 2025

Zip Code(s): 21122 and 21056
Units Sold 91	Active Inventory 112	Median Sale Price $435,000	Days On Market 13

Up 11% Vs. Year Ago	Up 2% Vs. Year Ago	Down -4% Vs. Year Ago	Down -7% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 91 sold this month in Pasadena and Gibson Island Real Estate versus 73 last month, an increase of 25%. This month's total units sold was higher than at this time last year, an increase of 11% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 2 units or 2%. The total number of active inventory this May was 112 compared to 110 in May 2024. This month's total of 112 is lower than the previous month's total supply of available inventory of 146, a decrease of 23%.
		Median Sale Price Last May, the median sale price for Pasadena and Gibson Island Homes was $451,726. This May, the median sale price was $435,000, a decrease of 4% or $16,726 compared to last year. The current median sold price is 3% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 115	Current Contracts 99	Sold Vs. List Price 101.2%	Months of Supply 1.2

Down -2% Vs. Year Ago	No Change Vs. Year Ago	Down -0.7% Vs. Year Ago	Down -8% Vs. Year Ago


		Months of Supply In May, there was 1.2 months of supply available in Pasadena and Gibson Island, compared to 1.3 in May 2024. That is a decrease of 8% 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 115 homes newly listed for sale in Pasadena and Gibson Island compared to 117 in May 2024, a decrease of 2%. There were 99 current contracts pending sale this May, consistent with the volume a year ago. The number of current contracts is 2% lower than last month.
		Sale Price to List Price Ratio In May, the average sale price in Pasadena and Gibson Island was 101.2% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 13, lower than the average last year, which was 14, a decrease of 7%.


	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.