$2,858,888
3,454 SqFt
5 Beds
•4 Full Baths, 1 Partial
Jennifer Chung, Listing Office: KORB Capital, Inc.
Is Palos Verdes Drive North, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Palos Verdes Drive North was a Seller's Market.
Key Takeaway
Palos Verdes Drive North is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palos Verdes Drive North, CA
How much do homes in Palos Verdes Drive North, CA cost?
Median Sold Price
$2,005,000
$843/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,000(+2.8%)
Key Takeaway
Homes in Palos Verdes Drive North have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Palos Verdes Drive North was $2,005,000 in September 2024, up 2.8% from last year, and the median price per square foot was $843.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $478.5K | $467.5K | -2.3% |
| 2 Bedrooms | $655K | $645K | -1.5% |
| 3 Bedrooms | $1.9M | $1.8M | -7.9% |
| 4 Bedrooms | $2.1M | $2.4M | +12.8% |
| 5+ Bedrooms | $3.0M | $3.6M | +20.0% |
Summary: Palos Verdes Drive North housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
| Walteria | $1.2M | $1.5M | +19.7% |
| Eastview Rancho Palos Verdes | $1.1M | $1.2M | +6.9% |
| Peninsula Center | $1.7M | $1.8M | +5.7% |
| Palos Verdes Drive North | $1.9M | $2.0M | +2.8% |
| Silver Spur | $1.6M | $1.7M | 0.2% |
Housing Supply in Palos Verdes Drive North, CA
How many homes are available in Palos Verdes Drive North, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Palos Verdes Drive North real estate market had 20 homes for sale in September 2024, a 5.3% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Palos Verdes Drive North housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palos Verdes Drive North, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Palos Verdes Drive North in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palos Verdes Drive North, CA
How long does it take to sell a home in Palos Verdes Drive North, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 44 Days | 34 Days | -22.8% |
Summary: Homes in Palos Verdes Drive North had an average of 34 days on market in Sep 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palos Verdes Drive North are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 2 homes were sold in Palos Verdes Drive North; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.