Market Report

Manhattan Beach, CA

Single-Family Homes

Chartwell Escrow



Manhattan Beach, CA

Mon Oct 07 2024
This week the median list price for Manhattan Beach, CA is $3,999,999 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has decreased to 53. Click here to stay informed with the Manhattan Beach market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Manhattan Beach, CA

Mon Oct 07 2024
This week the median list price for Manhattan Beach, CA is $3,999,999 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has decreased to 53. Click here to stay informed with the Manhattan Beach market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Manhattan Beach market.
Median List Price $3,999,999
Median Price of New Listings $4,250,000
Per Square Foot $1,419
Average Days on Market 84
Median Days on Market 49
Price Decreased 25%
Price Increased 4%
Relisted 4%
Inventory 53
Median Rent
Market Action 39
Slight Seller's Advantage

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
$8,695,000 4,354 0 - 4,500 sqft 5 5 9 1 1 91
$4,899,000 3,979 4,500 - 6,500 sqft 5 4.5 19 1 2 56
$3,600,000 3,312 4,500 - 6,500 sqft 5 3 33 1 0 49
$2,574,000 1,807 4,500 - 6,500 sqft 3 2 73 0 2 31