Palos Verdes Real Estate Market Update – April 2025

As we step into April 2025, the real estate markets in Rancho Palos Verdes and Palos Verdes Estates continue to exhibit trends that both buyers and sellers should closely monitor. While both markets remain in a slight seller’s advantage, we are seeing signs of cooling, which could impact future pricing trends. Here’s an in-depth look at the latest market updates.

Rancho Palos Verdes Market Overview

• Median List Price: $2,325,000

• Median Price of New Listings: $2,049,000

• Price per Square Foot: $854

• Average Days on Market: 98

• Median Days on Market: 49

• Inventory: 90 homes

• Market Action Index: 35 (Slight Seller’s Advantage)

• Median Rent: $6,500

Market Insights: The real estate market in Rancho Palos Verdes has been gradually cooling, with the Market Action Index (MAI) dropping from 37 last month to 35. This suggests that while the market still favors sellers, there is an increasing balance between supply and demand. If this trend continues, we could see downward pressure on pricing in the coming months.

Market Segments:

• Luxury homes at the top 25% of the market have a median price of $5,089,500, featuring expansive lots and spacious interiors.

• Homes priced around the median of $2,175,000 typically offer four bedrooms and three bathrooms on lots between 0.25 to 0.5 acres.

• The most affordable segment features homes around $1,680,000 with three bedrooms and two bathrooms.

Palos Verdes Estates Market Overview

• Median List Price: $4,800,000

• Median Price of New Listings: $3,390,000

• Price per Square Foot: $1,193

• Average Days on Market: 102

• Median Days on Market: 49

• Inventory: 45 homes

• Market Action Index: 38 (Slight Seller’s Advantage)

• Median Rent: $11,700

Market Insights: While Palos Verdes Estates remains a seller’s market, the Market Action Index has dipped from 40 to 38, reflecting a cooling trend. If demand continues to soften, we may see price adjustments in the near future. The current inventory stands at 45 homes, making well-priced properties highly competitive.

Market Segments:

• Ultra-luxury properties in the top tier of the market boast a median price of $10,900,000, with homes offering over 8,000 square feet of living space.

• Mid-range properties average around $4,195,000, featuring four to five bedrooms and generous lot sizes.

• The entry-level market includes homes around $2,749,000, still offering premium locations within Palos Verdes Estates.

What This Means for Buyers and Sellers

For buyers, this cooling trend could present new opportunities, particularly if inventory continues to rise. Keep an eye on price reductions and be ready to negotiate.

For sellers, now is the time to price your home competitively to attract serious buyers before the market shifts further. Homes that are move-in ready and well-presented continue to command strong offers.

If you're considering buying or selling in Rancho Palos Verdes or Palos Verdes Estates, I’d love to help you navigate this dynamic market. Direct message me or visit suzannedyer.com for more information.

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