Market Report

Rancho Palos Verdes, CA

Single-Family Homes

Chartwell Escrow



Rancho Palos Verdes, CA

Sat Mar 02 2024
This week the median list price for Rancho Palos Verdes, CA is $2,281,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has increased to 48. 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.

Slight Seller's Advantage

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.

Rancho Palos Verdes, CA

Sat Mar 02 2024
This week the median list price for Rancho Palos Verdes, CA is $2,281,500 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has increased to 48. 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.

Slight Seller's Advantage

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 Rancho Palos Verdes market.
Median List Price $2,281,500
Median Price of New Listings $2,275,000
Per Square Foot $876
Average Days on Market 64
Median Days on Market 35
Price Decreased 23%
Price Increased 4%
Relisted 10%
Inventory 48
Median Rent
Market Action 44
Slight Seller's Advantage

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$4,399,500 4,368 0.5 - 1 acre 4 6 43 0 0 56
$2,742,500 3,231 0.25 - 0.5 acre 4 4 59 5 0 28
$2,045,000 2,513 0.25 - 0.5 acre 4 3 58 1 0 31
$1,549,450 1,827 0.25 - 0.5 acre 4 2 65 5 1 28