Discover the South Bay Lifestyle and Market Trends

The South Bay housing market  continues to deliver solid  performance in mid‑2025. In Q2, Hermosa Beach saw median sales prices rise ~5.5% year‑over‑year to $2.48 M with homes selling in ~29 days, while Redondo Beach posted a 5% price increase to $1.64 M and an average days‑on‑market of 25. Manhattan Beach remains high‑end and competitive, with a median of ~$3.13 M and sales pacing at 26 days despite slightly softer demand (-3.8% YoY) soldbygarrison.com+7laroccarealestate.com+7scherbhomes.com+7. Overall South Bay inventory has risen—supplies near 3.4–3.8 months—empowering value‑seeking buyers and resulting in more sales closing below list price, especially in Redondo and Palos Verdes haynesre.com+2kevinscottrealestate.com+2scherbhomes.com+2. Nationally, persistently high mortgage rates (~6.7%) continue to limit affordability and dampen sales activity across the U.S., and despite modest rate pressure from Washington, the Federal Reserve is unlikely to move soon, potentially keeping borrowing costs elevated through year’s end