Justin Tye

Rancho Palos Verdes, CA

Single-Family Homes

Active Realty I REAL



Rancho Palos Verdes, CA

Fri May 24 2024
This week the median list price for Rancho Palos Verdes, CA is $2,494,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 64. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Rancho Palos Verdes, CA

Fri May 24 2024
This week the median list price for Rancho Palos Verdes, CA is $2,494,500 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has increased to 64. Click here to stay informed with the Rancho Palos Verdes market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $2,494,500
Median Price of New Listings $2,200,000
Per Square Foot $899
Average Days on Market 56
Median Days on Market 28
Price Decreased 36%
Price Increased 0%
Relisted 9%
Inventory 64
Median Rent
Market Action 47
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$6,147,500 5,407 0.5 - 1 acre 4 5 33 1 1 42
$2,910,000 3,112 0.5 - 1 acre 4 3 54 3 1 35
$2,199,000 2,478 0.25 - 0.5 acre 4 3 60 3 2 24
$1,861,500 2,156 0.25 - 0.5 acre 4 3 62 2 8 31