$10,000 Closing Credit*
$1,998,000
2,474 SqFt
3 Beds
•3 Full Baths
Suzanne Dyer, Listing Office: Strand Hill Properties
Is Palos Verdes Drive South, 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 South was a Seller's Market.
Key Takeaway
Palos Verdes Drive South 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 South, CA
How much do homes in Palos Verdes Drive South, CA cost?
Median Sold Price
$1,612,500
$760/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$38,882(-2.4%)
Key Takeaway
Homes in Palos Verdes Drive South have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Palos Verdes Drive South was $1,612,500 in September 2024, down 2.4% from last year, and the median price per square foot was $760.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.1M | $1.0M | -12.3% |
| 3 Bedrooms | $2.1M | $1.7M | -18.2% |
| 4 Bedrooms | $2.1M | $2.0M | -5.5% |
| 5+ Bedrooms | $2.5M | $4.1M | +63.4% |
Summary: Palos Verdes Drive South 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 decreased by 12.3%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 63.4%.
Median Sold Price Compared To Nearby Neighborhoods
| La Cresta | $2.2M | $2.6M | +16.5% |
| Palos Verdes Drive South | $1.6M | $1.6M | -2.4% |
Housing Supply in Palos Verdes Drive South, CA
How many homes are available in Palos Verdes Drive South, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 46 | +21.1% |
Summary: The Palos Verdes Drive South real estate market had 46 homes for sale in September 2024, a 21.1% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Palos Verdes Drive South 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 increased by 36.4%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 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 South, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Palos Verdes Drive South in September 2024, up by 33.3% month-over-month. Of the 4 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 South, CA
How long does it take to sell a home in Palos Verdes Drive South, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | +1.9% |
Summary: Homes in Palos Verdes Drive South had an average of 31 days on market in Sep 2024, up by 1.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palos Verdes Drive South are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Palos Verdes Drive South; 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.