Is San Pedro, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, San Pedro has remained a Seller's Market.
Key Takeaway
San Pedro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Pedro, CA
How much do homes in San Pedro, CA cost?
Median Sold Price
$829,300
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in San Pedro have sold for 7% more than they did a year ago.
Summary: The median home sold price in San Pedro was $829,300 in May 2024, up 7% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $465K | +6.9% |
| 2 Bedrooms | $613.6K | $665K | +8.4% |
| 3 Bedrooms | $863.9K | $905K | +4.7% |
| 4 Bedrooms | $1.0M | $1.1M | +4.8% |
| 5+ Bedrooms | $1.3M | $1.3M | +3.8% |
Summary: San Pedro housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| San Pedro | $775K | $829.3K | +7.0% |
| Holy Trinity | $770K | $810K | +5.2% |
| Vista Del Oro | $850K | $825K | -2.9% |
| Point Fermin | $777K | $736K | -5.3% |
Housing Supply in San Pedro, CA
How many homes are available in San Pedro, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 135 | 142 | +5.2% |
Summary: The San Pedro real estate market had 142 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 6 | -40.0% |
| 2 Bedrooms | 38 | 37 | -2.6% |
| 3 Bedrooms | 55 | 57 | +3.6% |
| 4 Bedrooms | 20 | 29 | +45.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The San Pedro housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 45%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 30 | -21.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Pedro, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in San Pedro in May 2024, down by 21.1% month-over-month. Of the 30 sold homes, 47% were sold under asking, 10% were sold at asking, and 43% were sold over asking.
Days on Market for San Pedro, CA
How long does it take to sell a home in San Pedro, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 32 Days | +28.4% |
Summary: Homes in San Pedro had an average of 32 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Pedro are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 30 homes were sold in San Pedro; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.