Pango Group

San Pedro, CA 90731

Single-Family Homes

www.pangogroup.com


San Pedro, CA 90731

Thu Jun 08 2023
This week the median list price for San Pedro, CA 90731 is $1,022,500 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has increased to 18. Click here to stay informed with the San Pedro market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

San Pedro, CA 90731

Thu Jun 08 2023
This week the median list price for San Pedro, CA 90731 is $1,022,500 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has increased to 18. Click here to stay informed with the San Pedro market!

Market Action Index

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

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Pedro market.
Median List Price $1,022,500
Median Price of New Listings $1,199,000
Per Square Foot $602
Average Days on Market 126
Median Days on Market 63
Price Decreased 28%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 54
Strong Seller's Market

Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.

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
$1,700,000 2,185 6,500 - 8,000 sqft 3 2.5 67 0 0 185
$1,149,500 1,872 4,500 - 6,500 sqft 3 2.5 97 1 2 45
$949,000 1,914 4,500 - 6,500 sqft 3 2 73 0 2 119
$749,900 960 4,500 - 6,500 sqft 3 2 91 0 1 14