“Odd market, but definitely moving!“
San Pedro Market Overview
In August, the median list price for San Pedro is $1,260,000, with the Market Action Index (MAI) at 44. That’s a slight uptick from last month’s 43, showing a continued slight seller’s advantage. Inventory is holding steady at around 60 homes.
Market Action Index
The MAI remains in seller’s territory at 44, indicating moderate competition among buyers. While the market hasn’t seen a dramatic swing, the consistent reading near mid-40s signals that sellers still have an edge—though it’s far from the highly competitive levels seen in past years.
Inventory Trends
Inventory has been flat, holding steady at 60 active homes. This stability means buyers aren’t seeing a sudden flood of new options, but sellers aren’t facing a big surge in competition either. Balanced inventory has kept the market moving at a steady pace, without a dramatic tilt in either direction.
Median List Price
The median list price of $1.26M reflects slight upward momentum compared to earlier in the year. Interestingly, the median price of new listings is lower, at $1.098M, suggesting that some sellers entering the market are pricing more aggressively to attract attention. This mix of higher overall pricing and more competitive new listings highlights the importance of strategic pricing.
Days on Market (DOM)
Homes in San Pedro are moving at a solid pace, with the median DOM at 39 days and the average DOM at 60 days. This indicates that while well-priced, desirable homes are selling within a little over a month, other listings are lingering for closer to two months. Sellers who come to market aligned with comps are seeing
faster activity.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
Price Reductions & Increases
- 25% of homes have experienced price reductions.
- 0% of listings have reported increases.
- 10% of homes have been relisted.
The reduction rate shows that even in a slight seller’s market, buyers are pushing back on overpricing. Sellers who test the market with higher numbers often need to adjust to spark offers.
Bottom Line
San Pedro continues to lean in favor of sellers, but steady
inventory, strategic pricing by new listings, and the prevalence of
reductions all point to a market where buyers have influence. Sellers
still hold the advantage, but success depends on realistic pricing and
smart presentation.
Who is The Prestige Team?
Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County, for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes. We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!
Learn more about us below!
