PASADENA AND GIBSON ISLAND HOUSING MARKET DATA

There was a decrease in total units sold in September, with 62 sold this month in Pasadena and Gibson Island Real Estate versus 85 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 26% versus September 2024.

Versus last year, the total number of homes available this month is higher by 16 units or 16%. The total number of active inventory this September was 114 compared to 98 in September 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 145, a decrease of 21%.

Last September, the median sale price for Pasadena and Gibson Island Homes was $435,000. This September, the median sale price was $458,255, an increase of 5% or $23,255 compared to last year. The current median sold price is 7% lower than in August.

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

In September, there was 1.8 months of supply available in Pasadena and Gibson Island, compared to 1.2 in September 2024. That is an increase of 58% 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 67 homes newly listed for sale in Pasadena and Gibson Island compared to 73 in September 2024, a decrease of 8%. There were 77 current contracts pending sale this September compared to 75 a year ago. The number of current contracts is 3% higher than last September.

In September, the average sale price in Pasadena and Gibson Island was 99.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 24, higher than the average last year, which was 18, an increase of 33%.





FOCUS ON: PASADENA AND GIBSON ISLAND HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 21122 and 21056
Units Sold 62	Active Inventory 114	Median Sale Price $458,255	Days On Market 24

Down -26% Vs. Year Ago	Up 16% Vs. Year Ago	Up 5% Vs. Year Ago	Up 33% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 62 sold this month in Pasadena and Gibson Island Real Estate versus 85 last month, a decrease of 27%. This month's total units sold was lower than at this time last year, a decrease of 26% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 16 units or 16%. The total number of active inventory this September was 114 compared to 98 in September 2024. This month's total of 114 is lower than the previous month's total supply of available inventory of 145, a decrease of 21%.
		Median Sale Price Last September, the median sale price for Pasadena and Gibson Island Homes was $435,000. This September, the median sale price was $458,255, an increase of 5% or $23,255 compared to last year. The current median sold price is 7% lower than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 67	Current Contracts 77	Sold Vs. List Price 99.9%	Months of Supply 1.8

Down -8% Vs. Year Ago	Up 3% Vs. Year Ago	No Change Vs. Year Ago	Up 57% Vs. Year Ago


		Months of Supply In September, there was 1.8 months of supply available in Pasadena and Gibson Island, compared to 1.2 in September 2024. That is an increase of 58% 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 67 homes newly listed for sale in Pasadena and Gibson Island compared to 73 in September 2024, a decrease of 8%. There were 77 current contracts pending sale this September compared to 75 a year ago. The number of current contracts is 3% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Pasadena and Gibson Island was 99.9% 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 24, higher than the average last year, which was 18, an increase of 33%.


	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.