Is Manhattan Beach Sand, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Manhattan Beach Sand was a Seller's Market.
Key Takeaway
Manhattan Beach Sand is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Manhattan Beach Sand, CA
How much do homes in Manhattan Beach Sand, CA cost?
Median Sold Price
$4,425,000
$1,766/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Manhattan Beach Sand have sold for 15.2% more than they did a year ago.
Summary: The median home sold price in Manhattan Beach Sand was $4,425,000 in March 2024, up 15.2% from last year, and the median price per square foot was $1,766.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.5M | - | N/A |
| 2 Bedrooms | $3.2M | $2.1M | -34.1% |
| 3 Bedrooms | $3.1M | $3.3M | +7.4% |
| 4 Bedrooms | $4.2M | $4.9M | +17.3% |
| 5+ Bedrooms | $5.4M | $6.1M | +12.7% |
Summary: Manhattan Beach Sand housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Hermosa Beach Sand | $2.5M | $3.0M | +19.6% |
| Manhattan Beach Sand | $3.8M | $4.4M | +15.2% |
| South Bay | $1.2M | $1.2M | +2.0% |
| Manhattan Beach Hill | $3.8M | $3.7M | -4.2% |
| Manhattan Beach Tree | $3.5M | $3.0M | -12.9% |
Housing Supply in Manhattan Beach Sand, CA
How many homes are available in Manhattan Beach Sand, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The Manhattan Beach Sand real estate market had 48 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Manhattan Beach Sand housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manhattan Beach Sand, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Manhattan Beach Sand in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Manhattan Beach Sand, CA
How long does it take to sell a home in Manhattan Beach Sand, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 58 Days | -36.2% |
Summary: Homes in Manhattan Beach Sand had an average of 58 days on market in Mar 2024, down by 36.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manhattan Beach Sand are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Manhattan Beach Sand; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.