Is Palos Verdes Estates, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Palos Verdes Estates was a Seller's Market.
Housing Prices in Palos Verdes Estates, CA
How much do homes in Palos Verdes Estates, CA cost?
Median Sold Price
$2,735,000
$1,053/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Palos Verdes Estates was $2,735,000 in June 2024, up 7% from last year, and the median price per square foot was $1,053.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.2M | $1.0M | -11.7% |
3 Bedrooms | $2.1M | $2.1M | +4.0% |
4 Bedrooms | $2.8M | $2.9M | +2.6% |
5+ Bedrooms | $4.2M | $4.4M | +4.7% |
Summary: Palos Verdes Estates housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Palos Verdes Peninsula | $2.2M | $2.5M | +10.7% |
Palos Verdes Estates | $2.5M | $2.7M | +7.0% |
Rancho Palos Verdes | $1.7M | $1.6M | -1.2% |
Torrance | $1.0M | $1.0M | -3.5% |
Rolling Hills Estates | $1.7M | $1.6M | -4.2% |
Housing Supply in Palos Verdes Estates, CA
How many homes are available in Palos Verdes Estates, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
74 | 78 | +5.4% |
Summary: The Palos Verdes Estates real estate market had 78 homes for sale in June 2024, a 5.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Palos Verdes Estates housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 13 | -7.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Palos Verdes Estates in June 2024, down by 7.1% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Palos Verdes Estates, CA
How long does it take to sell a home in Palos Verdes Estates, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
38 Days | 26 Days | -31.3% |
Summary: Homes in Palos Verdes Estates had an average of 26 days on market in Jun 2024, down by 31.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Palos Verdes Estates; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.