San Pedro Real Estate Market Update – August 2025

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“Odd market, but definitely moving!“

San Pedro Market Overview

In August, the median list price for San Pedro is $1,260,000, with the Market Action Index (MAI) at 44. That’s a slight uptick from last month’s 43, showing a continued slight seller’s advantage. Inventory is holding steady at around 60 homes.

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Market Action Index

The MAI remains in seller’s territory at 44, indicating moderate competition among buyers. While the market hasn’t seen a dramatic swing, the consistent reading near mid-40s signals that sellers still have an edge—though it’s far from the highly competitive levels seen in past years.

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Inventory Trends

Inventory has been flat, holding steady at 60 active homes. This stability means buyers aren’t seeing a sudden flood of new options, but sellers aren’t facing a big surge in competition either. Balanced inventory has kept the market moving at a steady pace, without a dramatic tilt in either direction.

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Median List Price

The median list price of $1.26M reflects slight upward momentum compared to earlier in the year. Interestingly, the median price of new listings is lower, at $1.098M, suggesting that some sellers entering the market are pricing more aggressively to attract attention. This mix of higher overall pricing and more competitive new listings highlights the importance of strategic pricing.

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Days on Market (DOM)

Homes in San Pedro are moving at a solid pace, with the median DOM at 39 days and the average DOM at 60 days. This indicates that while well-priced, desirable homes are selling within a little over a month, other listings are lingering for closer to two months. Sellers who come to market aligned with comps are seeing faster activity.

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Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,680,000	2,843	4,500 – 6,500 sqft	4	3	63	0	1	56
$1,350,000	1,816	6,500 – 8,000 sqft	3	2	70	2	1	14
$975,000	2,066	4,500 – 6,500 sqft	3	2.5	65	3	5	56
$799,000	1,188	4,500 – 6,500 sqft	3	2	90	2	3	28

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Price Reductions & Increases

• 25% of homes have experienced price reductions.
• 0% of listings have reported increases.
• 10% of homes have been relisted.

The reduction rate shows that even in a slight seller’s market, buyers are pushing back on overpricing. Sellers who test the market with higher numbers often need to adjust to spark offers.

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Bottom Line

San Pedro continues to lean in favor of sellers, but steady inventory, strategic pricing by new listings, and the prevalence of reductions all point to a market where buyers have influence. Sellers still hold the advantage, but success depends on realistic pricing and smart presentation.