1 hour on Rocket
$10,000 Closing Credit¹
#SB25057013, Brett Zebrowski, Listing Office: Palm Realty Boutique, Inc.
South Bay Cities Housing Market Report February 2025•Los Angeles County, California
Housing Prices in South Bay Cities, CA
How much do homes in South Bay Cities, CA cost?
Housing Market Conditions
Is South Bay Cities, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
South Bay Cities is a Seller's Market
Difference Since February 2024
Since last year, South Bay Cities has remained a Seller's Market.
Insight
South Bay Cities is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,867,666$1,003/SqFt
+$165,212
+9.7%
Based on all homes sold in the last 12 months
Insight
Homes in South Bay Cities have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in South Bay Cities was $1,867,666 in February 2025, up 9.7% from last year, and the median price per square foot was $1,003.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Manhattan Beach | $2.8M | $3.2M | +16.1% |
| South Bay Cities | $1.7M | $1.8M | +9.7% |
| Redondo Beach | $1.4M | $1.5M | +6.0% |
| Hermosa Beach | $2.2M | $2.3M | +3.3% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $771.5K | $724K | -6.2% |
| 22 Bedrooms | $1.1M | $1.2M | +9.5% |
| 33 Bedrooms | $1.6M | $1.6M | +3.2% |
| 44 Bedrooms | $2.0M | $2.2M | +9.1% |
| 55+ Bedrooms | $4.0M | $4.2M | +5.0% |
Summary: South Bay Cities housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -6.2%. The home price for 2 bedroom homes increased by +9.5%. The home price for 3 bedroom homes increased by +3.2%. The home price for 4 bedroom homes increased by +9.1%. The home price for 5 bedroom homes increased by +5.0%.
How does South Bay Cities, CA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
South Bay Cities, CA
Housing supply in South Bay Cities, CA
How many homes are available in South Bay Cities, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 372Last MonthFeb 2025 | ||
| 3272 months agoJan 2025 | +13.8 % Change MoMJan – Feb |
Summary: The South Bay Cities real estate market had 372 homes for sale in Feb 2025, a 13.8 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 87Last MonthFeb 2025 | ||
| 542 months agoJan 2025 | +61.1 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 8 | 10 | +25.0% |
| 22 Bedrooms | 41 | 47 | +14.6% |
| 33 Bedrooms | 102 | 115 | +12.7% |
| 44 Bedrooms | 108 | 120 | +11.1% |
| 55+ Bedrooms | 68 | 80 | +17.6% |
Summary: South Bay Cities housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes increased by +14.6%. The inventory for 3 bedroom homes increased by +12.7%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes increased by +17.6%.
Asking Price vs. Sold Price
How much do homes in South Bay Cities, CA cost?
Over Asking Price34 Homes
At Asking Price12 Homes
Under Asking Price41 Homes
Insight
If you're buying a home in South Bay Cities, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 87 homes were sold or pending in South Bay Cities in February 2025, up by 61.1% month-over-month. Of the 87 sold homes, 47% were sold under asking, 14% were sold at asking, and and 39% were sold over asking.
Days on Market for South Bay Cities, CA
How long does it take to sell a home in South Bay Cities, CA?
Breakdown of Home Sale Times
Under 30 Days51 Homes
30 – 90 Days19 Homes
Over 90 Days17 Homes
Insight
Many homes in South Bay Cities are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 87 homes were sold in South Bay Cities; 59% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 51 DaysThis YearFeb 2025 | ||
| 35 Days1 year agoFeb 2024 | +46.3 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in South Bay Cities had an average listing age of 51 days in Feb 2025, up by 46.3% compared to the previous year.
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Newest Listings in South Bay Cities, CA
What homes are available in South Bay Cities, CA?
8 hours on Rocket
$10,000 Closing Credit¹
#SB25056351, Greg Fabian, Listing Office: Thompson Team Real Estate, Inc.
1 day on Rocket
$10,000 Closing Credit¹
#SW25052263, Dave Stockton, Listing Office: National Realty Group
1 day on Rocket
$10,000 Closing Credit¹
#SB25053632, Peter Kappelos, Listing Office: Estate Properties
1 day on Rocket
$10,000 Closing Credit¹
#SB25052505, Peter Kappelos, Listing Office: Estate Properties
1 day on Rocket3D tour
$10,000 Closing Credit¹
#SB25053003, Sue Murphy, Listing Office: Keller Williams South Bay
1 day on Rocket
$10,000 Closing Credit¹
#P1-21237, Sheri Curtis, Listing Office: COMPASS
2 days on Rocket
$10,000 Closing Credit¹
#SB25054896, Lynn O'Neil, Listing Office: Beach City Brokers
2 days on RocketVideo tour
$10,000 Closing Credit¹
#SB25054775, Scot Nicol, Listing Office: Compass
2 days on Rocket3D tour
#SB25053239, Steven Mullins, Listing Office: Vista Sotheby’s International Realty
2 days on Rocket
$10,000 Closing Credit¹
#SB25054284, Richard Warren, Listing Office: Palm Realty Boutique, Inc.
3 days on Rocket
$10,000 Closing Credit¹
#CV25054090, Cesar Gomez, Listing Office: ALIGN HOMES
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 03/01/2023 - 03/01/2025
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: 3/14/2025, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.