$2,550,000
1,731 SqFt
4 Beds
•3 Full Baths
James Van Zanten, Listing Office: Vista Sotheby’s International Realty
Is Manhattan Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Manhattan Beach was a Buyer's Market.
Key Takeaway
Manhattan Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Manhattan Beach, CA
How much do homes in Manhattan Beach, CA cost?
Median Sold Price
$2,975,000
$1,299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$175,000(+6.3%)
Key Takeaway
Homes in Manhattan Beach have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Manhattan Beach was $2,975,000 in October 2024, up 6.3% from last year, and the median price per square foot was $1,299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | $410K | -74.4% |
| 2 Bedrooms | $1.6M | $1.7M | +7.4% |
| 3 Bedrooms | $2.2M | $2.2M | -0.4% |
| 4 Bedrooms | $3.3M | $3.4M | +2.4% |
| 5+ Bedrooms | $4.6M | $5.1M | +11.3% |
Summary: Manhattan Beach housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| El Segundo | $1.4M | $1.7M | +17.9% |
| South Bay Cities | $1.6M | $1.8M | +8.2% |
| Manhattan Beach | $2.8M | $2.9M | +6.3% |
| Redondo Beach | $1.4M | $1.4M | +6.3% |
| Hermosa Beach | $2.2M | $2.2M | +2.3% |
Housing Supply in Manhattan Beach, CA
How many homes are available in Manhattan Beach, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 138 | -1.4% |
Summary: The Manhattan Beach real estate market had 138 homes for sale in October 2024, a 1.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 38 | 44 | +15.8% |
| 5+ Bedrooms | 57 | 53 | -7.0% |
Summary: The Manhattan Beach housing inventory by bedroom type for October 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 11.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 39 | +21.9% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Manhattan Beach, you may be able to get a good deal. 71.8% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Manhattan Beach in October 2024, up by 21.9% month-over-month. Of the 39 sold homes, 72% were sold under asking, 10% were sold at asking, and 18% were sold over asking.
Days on Market for Manhattan Beach, CA
How long does it take to sell a home in Manhattan Beach, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 48 Days | +133.2% |
Summary: Homes in Manhattan Beach had an average of 48 days on market in Oct 2024, up by 133.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Manhattan Beach are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 39 homes were sold in Manhattan Beach; 56% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.