Discover the South Bay Lifestyle and Market Trends

Market summary

Data covers July through September 2026 (the three months ending September 2026). Year-over-year figures compare with the same three months a year earlier. Median sale prices were lower in Manhattan Beach and Hermosa Beach, about flat in Redondo Beach, and up 19.8% in Palos Verdes Estates. Inventory fell in all four cities, and median days on market ranged from 40 to 47. Homes sold rose in three of the four cities.

Manhattan Beach

Homes sold rose 33.8% to 110, the largest change in the city. The median sale price was $3.29 million, down 3.9%. Homes took a median of 40 days to sell, 3 days longer than a year ago, and the average sale-to-list ratio was 99.8%. Inventory ended the period at 78 homes, down 24.6%, which is 2.2 months of supply.

Hermosa Beach

Median days on market fell 16 days to 46. The median sale price was $2.30 million, down 2.8%, and 54 homes sold, up 12.2%. The average sale-to-list ratio was 99.2%, up 2.1 percentage points. Inventory was 44 homes, down 11.0%, or 2.5 months of supply.

Redondo Beach

Homes sold rose 16.8% to 179, the most of the four cities. The median sale price was $1.54 million, up 0.4%. Homes sold in a median of 47 days, 4 days faster than a year ago, at an average of 99.9% of list price. Inventory was 136 homes, down 12.7%, or 2.3 months of supply.

Palos Verdes Estates

The median sale price rose 19.8% to $2.90 million, and median days on market fell 35 days to 43. Sales were 57, down 1.9%. The average sale-to-list ratio was 99.3%, up 3.8 percentage points. Inventory was 33 homes, down 23.3%, or 1.8 months of supply, the lowest of the four cities.

Mortgage rates

Freddie Mac's national average for the week of October 29, 2026 was 7.24% for a 30-year fixed loan and 6.60% for a 15-year fixed loan. A year earlier, the averages were 6.17% and 5.41%, so the 30-year is up 1.07 percentage points and the 15-year is up 1.19 points. These are national figures, not South Bay rates.

What this means for buyers and sellers

• Months of supply ranged from 1.8 to 2.5 across the four cities, so buyers have a limited number of homes to choose from.
• Sale-to-list ratios of 99.2% to 99.9% mean homes are selling close to asking price.
• The share of homes selling above original list price ran from 17.0% in Hermosa Beach to 30.6% in Manhattan Beach, so results differ by city.
• Mortgage rates are more than a point higher than a year ago, which raises borrowing costs for buyers who finance.