Is Eastview Rancho Palos Verdes, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eastview Rancho Palos Verdes is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Eastview Rancho Palos Verdes has remained a Seller's Market.

Key Takeaway

Eastview Rancho Palos Verdes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Eastview Rancho Palos Verdes, CA

How much do homes in Eastview Rancho Palos Verdes, CA cost?

Median Sold Price

$1,210,000

$683/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$55,000(-4.3%)

Key Takeaway

Homes in Eastview Rancho Palos Verdes have sold for 4.3% less than they did a year ago.

Summary: The median home sold price in Eastview Rancho Palos Verdes was $1,210,000 in November 2024, down 4.3% from last year, and the median price per square foot was $683.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $625K$655K
+4.8%
3 $1.1M$1.1M
0.2%
4 $1.3M$1.3M
-0.1%
5+ $1.4M$1.3M
-4.7%

Summary: Eastview Rancho Palos Verdes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Neighborhoods

Miraleste Pines
+94.0%
Holy Trinity
+6.0%
San Pedro North
+4.7%
Palos Verdes Drive North
0.3%
Eastview Rancho Palos Verdes
-4.3%

Housing Supply in Eastview Rancho Palos Verdes, CA

How many homes are available in Eastview Rancho Palos Verdes, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3025-16.7%

Summary: The Eastview Rancho Palos Verdes real estate market had 25 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 109
-10.0%
4 139
-30.8%
5+ 34
+33.3%

Summary: The Eastview Rancho Palos Verdes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eastview Rancho Palos Verdes, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Eastview Rancho Palos Verdes in November 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Eastview Rancho Palos Verdes, CA

How long does it take to sell a home in Eastview Rancho Palos Verdes, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
16 Days47 Days+180.1%

Summary: Homes in Eastview Rancho Palos Verdes had an average of 47 days on market in Nov 2024, up by 180.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Eastview Rancho Palos Verdes are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Eastview Rancho Palos Verdes; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Eastview Rancho Palos Verdes, CA

Nearby Markets to Eastview Rancho Palos Verdes, CA