Single-Family Homes
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.
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.
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.
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 |