Pango Group

Rancho Palos Verdes, CA 90275

Single-Family Homes

www.pangogroup.com



Rancho Palos Verdes, CA 90275

Tue May 28 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,499,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 60. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Rancho Palos Verdes, CA 90275

Tue May 28 2024
This week the median list price for Rancho Palos Verdes, CA 90275 is $2,499,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 60. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Rancho Palos Verdes market.
Median List Price $2,499,000
Median Price of New Listings $2,399,000
Per Square Foot $907
Average Days on Market 57
Median Days on Market 35
Price Decreased 33%
Price Increased 0%
Relisted 8%
Inventory 60
Median Rent
Market Action 50
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$5,995,000 5,357 0.5 - 1 acre 5 5 33 1 1 49
$2,945,000 3,553 0.5 - 1 acre 4 4 51 2 3 35
$2,250,000 2,482 0.25 - 0.5 acre 4 3 62 4 5 28
$1,849,500 2,156 0.25 - 0.5 acre 4 3 64 2 4 28