$14,499,000
6,872 SqFt
6 Beds
•6 Full Baths, 2 Partial
Dennis Dewalt, Listing Office: The Beverly Hills Estates
Is Palos Verdes Estates, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Palos Verdes Estates was a Seller's Market.
Key Takeaway
Palos Verdes Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Palos Verdes Estates, CA
How much do homes in Palos Verdes Estates, CA cost?
Median Sold Price
$2,782,500
$1,018/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$226,500(+8.9%)
Key Takeaway
Homes in Palos Verdes Estates have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Palos Verdes Estates was $2,782,500 in November 2024, up 8.9% from last year, and the median price per square foot was $1,018.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.2M | $975K | -18.8% |
| 3 Bedrooms | $2.1M | $2.2M | +5.3% |
| 4 Bedrooms | $2.7M | $2.9M | +5.2% |
| 5+ Bedrooms | $4.8M | $4.3M | -10.4% |
Summary: Palos Verdes Estates 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 decreased by 18.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Palos Verdes Estates | $2.5M | $2.7M | +8.9% |
| Palos Verdes Peninsula | $2.3M | $2.5M | +6.4% |
| Rancho Palos Verdes | $1.6M | $1.7M | +5.4% |
| Rolling Hills Estates | $1.6M | $1.6M | +3.9% |
| Torrance | $1.0M | $1.0M | +2.3% |
Housing Supply in Palos Verdes Estates, CA
How many homes are available in Palos Verdes Estates, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 47 | -19.0% |
Summary: The Palos Verdes Estates real estate market had 47 homes for sale in November 2024, a 19.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 19 | 11 | -42.1% |
| 4 Bedrooms | 24 | 21 | -12.5% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Palos Verdes Estates 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 50%, 3 bedroom homes decreased by 42.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 7 | -56.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palos Verdes Estates, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Palos Verdes Estates in November 2024, down by 56.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Palos Verdes Estates, CA
How long does it take to sell a home in Palos Verdes Estates, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 106 Days | 46 Days | -56.4% |
Summary: Homes in Palos Verdes Estates had an average of 46 days on market in Nov 2024, down by 56.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palos Verdes Estates are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in Palos Verdes Estates; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.