Palos Verdes Drive East Housing Market Report April 2025•Los Angeles County, California

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Housing Prices in Palos Verdes Drive East, CA

How much do homes in Palos Verdes Drive East, CA cost?

Housing Market Conditions

Is Palos Verdes Drive East, CA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palos Verdes Drive East is a Seller's Market

Difference Since April 2024

At the same time last year, Palos Verdes Drive East was a Buyer's Market.

Insight

Palos Verdes Drive East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,940,000$733/SqFt
-$7,500
-0.4%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Palos Verdes Drive East has remained the same since last year.

Summary: The median home sold price in Palos Verdes Drive East was $1,940,000 in April 2025, down 0.4% from last year, and the median price per square foot was $733.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Miraleste Pines
+42.9%
Palos Verdes Drive East
-0.4%
Eastview Rancho Palos Verdes
-6.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$1.5M$1.3M
-16.0%
3$1.8M$1.6M
-12.1%
4$2.0M$2.2M
+5.4%
5$2.2M$2.8M
+26.7%

Summary: Palos Verdes Drive East housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -16.0%. The home price for 3 bedroom homes decreased by -12.1%. The home price for 4 bedroom homes increased by +5.4%. The home price for 5 bedroom homes increased by +26.7%.

How does Palos Verdes Drive East, CA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Palos Verdes Drive East, CA

Housing supply in Palos Verdes Drive East, CA

How many homes are available in Palos Verdes Drive East, CA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
26Last MonthApr 2025
262 months agoMar 2025
0.0 %
Change MoMMar – Apr

Summary: The Palos Verdes Drive East real estate market had 26 homes for sale in Apr 2025, the same as Mar 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
7Last MonthApr 2025
42 months agoMar 2025
+75.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
100
0.0%
211
0.0%
356
+20.0%
41615
-6.3%
544
0.0%

Summary: Palos Verdes Drive East housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes decreased by -6.3%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Palos Verdes Drive East, CA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price1 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Palos Verdes Drive East, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Palos Verdes Drive East in April 2025, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and and 43% were sold over asking.

Days on Market for Palos Verdes Drive East, CA

How long does it take to sell a home in Palos Verdes Drive East, CA?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in Palos Verdes Drive East are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 7 homes were sold in Palos Verdes Drive East; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
32 DaysThis YearApr 2025
22 Days1 year agoApr 2024
+49.4 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Palos Verdes Drive East had an average listing age of 32 days in Apr 2025, up by 49.4% compared to the previous year.

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Newest Listings in Palos Verdes Drive East, CA

What homes are available in Palos Verdes Drive East, CA?

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MLS Disclaimers and Copyright

Based on information from California Regional MLS, for the period 05/01/2023 - 05/01/2025

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 12:55:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.