PASADENA AND GIBSON ISLAND HOUSING MARKET DATA

There was an increase in total units sold in June, with 106 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 9%. The total number of active inventory this June was 133 compared to 122 in June 2024. This month's total of 133 is lower than the previous month's total supply of available inventory of 137, a decrease of 3%.

Last June, the median sale price for Pasadena and Gibson Island Homes was $450,000. This June, the median sale price was $444,878, a decrease of 1% or $5,122 compared to last year. The current median sold price is 2% higher than in May.

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

In June, there was 1.3 months of supply available in Pasadena and Gibson Island, compared to 1.7 in June 2024. That is a decrease of 25% 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 119 homes newly listed for sale in Pasadena and Gibson Island compared to 99 in June 2024, an increase of 20%. There were 107 current contracts pending sale this June compared to 75 a year ago. The number of current contracts is 43% higher than last June.

In June, the average sale price in Pasadena and Gibson Island was 101.9% of the average list price, which is 1.5% higher than at this time last year.

This month, the average number of days on market was 18, which is similar compared to a year ago.





FOCUS ON: PASADENA AND GIBSON ISLAND HOUSING MARKET			JUNE 2025

Zip Code(s): 21122 and 21056
Units Sold 106	Active Inventory 133	Median Sale Price $444,878	Days On Market 18

Up Vs. Year Ago	Up 9% Vs. Year Ago	Down -1% Vs. Year Ago	No Change Vs. Year Ago


		Units Sold There was an increase in total units sold in June, with 106 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 9%. The total number of active inventory this June was 133 compared to 122 in June 2024. This month's total of 133 is lower than the previous month's total supply of available inventory of 137, a decrease of 3%.
		Median Sale Price Last June, the median sale price for Pasadena and Gibson Island Homes was $450,000. This June, the median sale price was $444,878, a decrease of 1% or $5,122 compared to last year. The current median sold price is 2% higher than in May. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 119	Current Contracts 107	Sold Vs. List Price 101.9%	Months of Supply 1.3

Up 20% Vs. Year Ago	Up 43% Vs. Year Ago	Up 1.5% Vs. Year Ago	Down -25% Vs. Year Ago


		Months of Supply In June, there was 1.3 months of supply available in Pasadena and Gibson Island, compared to 1.7 in June 2024. That is a decrease of 25% 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 119 homes newly listed for sale in Pasadena and Gibson Island compared to 99 in June 2024, an increase of 20%. There were 107 current contracts pending sale this June compared to 75 a year ago. The number of current contracts is 43% higher than last June.
		Sale Price to List Price Ratio In June, the average sale price in Pasadena and Gibson Island was 101.9% of the average list price, which is 1.5% higher than at this time last year. Days on Market This month, the average number of days on market was 18, which is similar compared to a year ago.


	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.