New - 29 minutes on Rocket
$10,000 Closing Credit¹
Antoinette Hopper, Listing Office: Vista Sotheby’s International Realty
South Bay Cities Housing Market Report December 2024•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 December 2023
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
$1,828,200$991/SqFt
+$153,200
+9.1%
Based on all homes sold in the last 12 months
Insight
Homes in South Bay Cities have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in South Bay Cities was $1,828,200 in December 2024, up 9.1% from last year, and the median price per square foot was $991.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Manhattan Beach | $2.8M | $3.1M | +10.5% |
| South Bay Cities | $1.6M | $1.8M | +9.1% |
| Redondo Beach | $1.4M | $1.5M | +7.7% |
| Lawndale | $792.5K | $815K | +2.8% |
| Hermosa Beach | $2.2M | $2.2M | 0.3% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $777.5K | $713.5K | -8.2% |
| 22 Bedrooms | $1.1M | $1.2M | +8.4% |
| 33 Bedrooms | $1.5M | $1.6M | +5.3% |
| 44 Bedrooms | $2.0M | $2.1M | +6.2% |
| 55+ Bedrooms | $3.9M | $4.1M | +6.7% |
Summary: South Bay Cities housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -8.2%. The home price for 2 bedroom homes increased by +8.4%. The home price for 3 bedroom homes increased by +5.3%. The home price for 4 bedroom homes increased by +6.2%. The home price for 5 bedroom homes increased by +6.7%.
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 |
|---|---|---|
| 283Last MonthDec 2024 | ||
| 3392 months agoNov 2024 | -16.5 % Change MoMNov – Dec |
Summary: The South Bay Cities real estate market had 283 homes for sale in Dec 2024, a 16.5 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 97Last MonthDec 2024 | ||
| 782 months agoNov 2024 | +24.4 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 13 | 12 | -7.7% |
| 22 Bedrooms | 41 | 35 | -14.6% |
| 33 Bedrooms | 112 | 89 | -20.5% |
| 44 Bedrooms | 96 | 81 | -15.6% |
| 55+ Bedrooms | 77 | 66 | -14.3% |
Summary: South Bay Cities housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -7.7%. The inventory for 2 bedroom homes decreased by -14.6%. The inventory for 3 bedroom homes decreased by -20.5%. The inventory for 4 bedroom homes decreased by -15.6%. The inventory for 5 bedroom homes decreased by -14.3%.
Asking Price vs. Sold Price
How much do homes in South Bay Cities, CA cost?
Over Asking Price27 Homes
At Asking Price15 Homes
Under Asking Price55 Homes
Insight
If you're buying a home in South Bay Cities, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in South Bay Cities in December 2024, up by 24.4% month-over-month. Of the 97 sold homes, 57% were sold under asking, 15% were sold at asking, and and 28% 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 Days56 Homes
30 – 90 Days31 Homes
Over 90 Days10 Homes
Insight
Many homes in South Bay Cities are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 97 homes were sold in South Bay Cities; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 40 DaysThis YearDec 2024 | ||
| 34 Days1 year agoDec 2023 | +18.4 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in South Bay Cities had an average listing age of 40 days in Dec 2024, up by 18.4% 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?
New - 13 hours on Rocket
$10,000 Closing Credit¹
Marlene Ramirez, Listing Office: Vista Sotheby’s International Realty
New - 16 hours on Rocket
$10,000 Closing Credit¹
Robyn Biener, Listing Office: Vista Sotheby’s International Realty
New - 21 hours on Rocket3D tour
Dennis Hartley, Listing Office: Compass
New - 23 hours on Rocket3D tour
$10,000 Closing Credit¹
Peter Lim, Listing Office: Redfin Corporation
New - 1 day on Rocket
Joshua Altman, Listing Office: Douglas Elliman of California, Inc.
New - 1 day on Rocket
Edward Kaminsky, Listing Office: eXp Realty of California, Inc
New - 1 day on Rocket
Shawn Dugan, Listing Office: Strand Hill Properties
New - 1 day on Rocket
Neil Chhabria, Listing Office: Chhabria Real Estate Company
New - 1 day on Rocket
Claire Gillespie, Listing Office: Vista Sotheby’s International Realty
New - 2 days on Rocket
Michael Rossi, Listing Office: Strand Hill Properties
New - 3 days on Rocket
J. Gregory Maffei, Listing Office: Vista Sotheby’s International Realty
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 01/01/2023 - 01/01/2025
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: 1/22/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.