South Bay Home Sales Solid, Prices Soft
The first two months of 2025 looked generally good. Not necessarily strong, but sales were more or less pluses compared to 2024. By the time March rolled around things were starting to look less positive. Sales were dropping in most neighborhoods and double digit increases were pretty much a thing of the past. With April the number of homes closing escrow actually increased, except for the Inland area.
Median price is another story. While prices have continued to escalate at the Beach, they have flattened in the Harbor area and dropped into negative territory everywhere else. The year to date statistics for median price are still ok, but beginning to look like a recession in the making.
Like the rest of the world’s economy, South Bay real estate in 2025 is volatile. From one month to the next there is hardly any continuity. Looking across the year to date activity is seems clear both sales volume and prices are sliding.

Sales volume is expected to remain below prior years for some time. This is a reaction to the extremely low interest rates attached to homes purchased during the pandemic. Those owners are holding on to those properties and rates for as long as possible. Compared to 2019, the last year before pandemic influenced real estate, sales volume has consistently been 5% to 15% lower.
On the other hand, median prices have jumped consistently. South Bay median prices are anywhere from 40% to 70% higher than in 2019. That inflation appears to have begun receding in the Harbor and Inland areas. It has slowed but not reversed at the Beach or on the Peninsula.
Beach: Starting to Weaken
The number of homes sold in the Beach cities during April increased to 125 units, or 3% over March. Looking at year of year sales volume, 6% more were sold in April of 2025 as were in the same month of 2024.

Median prices were mixed, coming in at $1,955,000, 2% below March of this year. Annually, the April median was 12% above April of last year.
Year to date for the first four months of the year, 419 homes have sold for a 30% increase over sales in 2024. The median price of $2,090,000 represents a 17% lift from last year.
Harbor: Sharply Slower
April sales volume in the Harbor area jumped by 23% above March, ending at 310 homes sold. Annually, that came in at a 17% increase above April of 2024.

Like the Beach, Harbor area median prices dropped 2% from March sales, registering at $785,000. Comparing that to the median in April of 2024 showed an increase of 1%.
Looking at the longer perspective, 1080 homes sold in the Harbor area year to date through April, for a increase of 7%. For the same period of time, the median price was flat at $772,500.
Hill: Prices Negative
On the Palos Verdes peninsula 73 homes were sold in April, an increase of 46% over March. That monthly increase far over-shadowed the year over year increase of 14%. It’s important to remember that activity on the PV Hill is lower than any of the other areas measured here, and is subject to some rather dramatic statistical swings.

While the number of sales increased monthly and annually, the median price dropped in both categories. At $1,783,560, April’s median price was 10% below that of March. April of 2025 came in 7% below the same month in 2024.
The first four months of the year saw 5% sales increase with 201 homes sold. For the same period, the median price rose 4% to $1,935,000.
Inland: Mostly Down
Monthly, sales in the Inland area climbed to 128 homes, for a 12% increase. At the same time the year to year sales volume fell 5% from April of last year.

The median price in April was $877,500, a drop of 4% from March while remaining the same as April of 2024.
Year to date sales of 432 homes was a 3% improvement over the first four months of 2024. For the same period, the median price of $900,000 represented a 1% increase.
Beach=Manhattan Beach, Hermosa772,500 Beach, Redondo Beach, El Segundo
Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City
PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates
Inland=Torrance, Lomita, Gardena
Photo by Gavin Ruane on Unsplash