San Pedro Real Estate Market Update – June 2025

🏡 Consistent Sales, Confident Buyers?

The summer market is heating up in San Pedro— with consistent sales over the last two months, we’re seeing homes sell across many neighborhoods, giving buyers a bit more confidence in the market.

📊 Sales Snapshot

In June, San Pedro recorded 39 residential sales, with an average sales price of $957,036—up 8.39% compared to last year. The average list price came in slightly higher at $959,945, reflecting continued seller confidence. Homes sold at 100% of asking price on average, a strong indicator that well-priced homes are still moving.

Additionally, days on market dropped to 33 days, down from 49 days last month—a sign that buyers are gaining more confidence.

🏘️ Neighborhood Highlights

• South Shores led the pack with the highest median sales price at $1.2M, including a stunning $2.5M max sale.
• Vista Del Oro remained active with 9 total sales and a median price of $900,000.
• Miraleste Pines and Plaza also showed strong performance, both with homes selling in under three weeks.

💵 Price per Square Foot

• The average came in at $582.80/sqft, up 8.6% month-over-month.
• This uptick reflects steady demand despite a market that’s gradually shifting toward balance.

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🏡 Rental Market: A Mixed Bag

Rent prices in the 90731 and 90732 zip codes saw varied movement across home sizes:

• 1-bed rentals dropped as much as $550/month in some areas, while others held steady or rose slightly.
• 3- and 4-bedroom homes saw notable increases, with median rents up over $1,000/month in several cases.
• The most eye-catching jump? A 4-bedroom home in 90732 now commands a median rent of $5,500, up $5,500 year-over-year—indicating a likely high-end listing skewing the data.

Rental days on market ranged from 12 to 74 days, with most homes leasing in under 40.

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🎯 What This Means for You

For sellers, now’s the time to price smart and prep well—buyers are still active, but they’re taking their time. For buyers, a little patience may pay off with more negotiable terms. And if you’re a landlord, keep an eye on your local zip—rents are fluctuating significantly by neighborhood and home type.

Whether you’re thinking about buying, selling, or investing, we’re here to help you navigate the market with confidence.

📞 Let’s connect if you want a personalized strategy for your home or investment!