Justin Tye

Rancho Palos Verdes, CA

Single-Family Homes

Active Realty I REAL



Rancho Palos Verdes, CA

Thu Jun 20 2024
This week the median list price for Rancho Palos Verdes, CA is $2,295,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has increased to 76. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Rancho Palos Verdes, CA

Thu Jun 20 2024
This week the median list price for Rancho Palos Verdes, CA is $2,295,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has increased to 76. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $2,295,000
Median Price of New Listings $1,937,500
Per Square Foot $891
Average Days on Market 59
Median Days on Market 35
Price Decreased 42%
Price Increased 3%
Relisted 8%
Inventory 76
Median Rent
Market Action 48
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
$5,100,000 4,509 0.5 - 1 acre 5 5 33 1 1 56
$2,750,000 3,257 0.25 - 0.5 acre 4 4 53 1 3 35
$2,095,000 2,474 0.25 - 0.5 acre 4 3 59 5 4 14
$1,650,000 1,836 0.25 - 0.5 acre 4 2 64 5 1 21