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 September 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

$1,275,000

$679/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$82,500(+6.9%)

Key Takeaway

Homes in Eastview Rancho Palos Verdes have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Eastview Rancho Palos Verdes was $1,275,000 in September 2024, up 6.9% from last year, and the median price per square foot was $679.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $625K$770K
+23.2%
3 $1.1M$1.1M
-0.7%
4 $1.3M$1.3M
+7.1%
5+ $1.7M$1.3M
-22.5%

Summary: Eastview Rancho Palos Verdes housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 22.5%.

Median Sold Price Compared To Nearby Neighborhoods

Miraleste Pines
+100.0%
Eastview Rancho Palos Verdes
+6.9%
San Pedro North
+3.1%
Palos Verdes Drive North
+2.8%
Holy Trinity
+2.0%

Housing Supply in Eastview Rancho Palos Verdes, CA

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2827-3.6%

Summary: The Eastview Rancho Palos Verdes real estate market had 27 homes for sale in September 2024, a 3.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1211
-8.3%
4 1310
-23.1%
5+ 14
+300.0%

Summary: The Eastview Rancho Palos Verdes housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 300%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was 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. 42.9% 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 September 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% 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

Sep 2023Sep 2024CHANGE
9 Days32 Days+238.4%

Summary: Homes in Eastview Rancho Palos Verdes had an average of 32 days on market in Sep 2024, up by 238.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 September 2024, 7 homes were sold in Eastview Rancho Palos Verdes; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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

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