Is San Pedro, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, San Pedro has remained a Seller's Market.
Housing Prices in San Pedro, CA
How much do homes in San Pedro, CA cost?
Median Sold Price
$821,250
$557/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Pedro was $821,250 in April 2024, up 6% from last year, and the median price per square foot was $557.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $433.5K | $462.5K | +6.7% |
2 Bedrooms | $617.5K | $655K | +6.1% |
3 Bedrooms | $863.9K | $904K | +4.6% |
4 Bedrooms | $1.0M | $1.0M | +2.9% |
5+ Bedrooms | $1.3M | $1.3M | -0.8% |
Summary: San Pedro housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
San Pedro | $775K | $821.2K | +6.0% |
Holy Trinity | $774.5K | $810K | +4.6% |
Vista Del Oro | $861.5K | $825K | -4.2% |
Housing Supply in San Pedro, CA
How many homes are available in San Pedro, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
142 | 132 | -7.0% |
Summary: The San Pedro real estate market had 132 homes for sale in April 2024, a 7.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 10 | -23.1% |
2 Bedrooms | 36 | 42 | +16.7% |
3 Bedrooms | 59 | 49 | -16.9% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The San Pedro housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 37 | -15.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in San Pedro in April 2024, down by 15.9% month-over-month. Of the 37 sold homes, 30% were sold under asking, 8% were sold at asking, and 62% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -21.5% |
Summary: Homes in San Pedro had an average of 22 days on market in Apr 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 37 homes were sold in San Pedro; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.