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 April 2023
Since last year, Palos Verdes Estates has remained a Seller's Market.
Housing Prices in Palos Verdes Estates, CA
How much do homes in Palos Verdes Estates, CA cost?
Median Sold Price
$2,640,000
$1,039/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Palos Verdes Estates was $2,640,000 in April 2024, down 2.2% from last year, and the median price per square foot was $1,039.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.1M | $1.4M | +24.3% |
3 Bedrooms | $2.1M | $2.0M | -1.7% |
4 Bedrooms | $3.1M | $2.7M | -11.5% |
5+ Bedrooms | $4.3M | $4.3M | 0.3% |
Summary: Palos Verdes Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Palos Verdes Peninsula | $2.3M | $2.5M | +8.8% |
Rancho Palos Verdes | $1.7M | $1.6M | -0.3% |
Palos Verdes Estates | $2.7M | $2.6M | -2.2% |
Rolling Hills Estates | $1.7M | $1.7M | -4.9% |
Torrance | $1.0M | $1.0M | -6.4% |
Housing Supply in Palos Verdes Estates, CA
How many homes are available in Palos Verdes Estates, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 71 | +9.2% |
Summary: The Palos Verdes Estates real estate market had 71 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 29 | 26 | -10.3% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Palos Verdes Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 15 | -6.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Palos Verdes Estates in April 2024, down by 6.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 17 Days | +65.5% |
Summary: Homes in Palos Verdes Estates had an average of 17 days on market in Apr 2024, up by 65.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Palos Verdes Estates; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.