South Bay Market Update: Seller’s Guide – August 2025

The South Bay real estate market continues to show striking differences across its coastal communities. While some neighborhoods remain highly competitive, others are seeing longer days on market and more price reductions. Here’s a closer look at how each city is performing as of August 2025.

Palos Verdes Estates

Palos Verdes Estates remains one of the South Bay’s most prestigious enclaves. The median list price is $1,052 per square foot, with homes ranging from $536 on the low end to $2,695 on the high end

PALOS VERDES ESTATES

. Homes are spending an average of 73 days on the market, a slight improvement from last year (-5%). Only 9% of buyers are paying over the asking price, while 45% of sellers have reduced their prices, a sign of a more balanced marketplace.

Rancho Palos Verdes

Rancho Palos Verdes shows a median list price of $819 per square foot. Properties here are moving in about 58 days, down 15% year-over-year. Roughly 34% of buyers are still paying above asking, but with 43% of sellers reducing prices, sellers should remain flexible.

Redondo Beach

Redondo Beach is showing signs of cooling. The median price is $1,026 per square foot, with homes averaging 53 days on the market — a 39% increase compared to last year. Only 24% of buyers are paying over asking (down 35% year-over-year), while 41% of sellers have adjusted their prices.

Torrance

Torrance is one of the hottest spots in the South Bay right now. The median price sits at $770 per square foot, with homes lasting about 52 days on the market (+21% Y/Y). Despite slightly longer timelines, 50% of buyers are still paying above list price, showing strong demand. Meanwhile, 41% of sellers have reduced prices, signaling that proper pricing remains critical even in this competitive sub-market.

Rolling Hills Estates

In Rolling Hills Estates, the median list price is $864 per square foot. Homes are averaging 54 days on the market, a 21% jump year-over-year. Surprisingly, 0% of buyers paid over asking in August, while 34% of listings saw price reductions. Sellers here are facing a softer market environment compared to neighboring areas.

Manhattan Beach

Luxury continues to define Manhattan Beach, with a median list price of $1,331 per square foot. Homes are taking the longest to sell, averaging 91 days on the market (+25% Y/Y). Just 22% of buyers are paying over list, and 42% of sellers have reduced their prices — clear indicators that sellers must price strategically in this ultra-competitive segment.

Hermosa Beach

Hermosa Beach has also cooled considerably. The median list price is $1,238 per square foot, with homes averaging 76 days on the market (+61% Y/Y). No buyers paid above asking this month, and 33% of sellers reduced their prices, showing a more cautious buyer pool in this popular coastal city.

Key Takeaways for South Bay Sellers

The August 2025 numbers underscore how varied the South Bay market has become. Torrance remains highly competitive with half of all buyers still paying over list, while Palos Verdes Estates and Rancho Palos Verdes are steadier, and markets like Manhattan and Hermosa Beach are seeing significant softening.

✨ For sellers, the message is clear: pricing and strategy matter more than ever. Each neighborhood has its own story, and success depends on tailoring your approach to the specific dynamics of your market.

💬 Thinking of selling your home in the South Bay? Reach out today — I’d love to put together a custom strategy that maximizes your home’s value.