Historical market report. Figures and commentary reflect the original reporting period.
For June 2026, the median list price for San Pedro is $999,000, as it was in May, with the Market Action Index (MAI) at 48—a strong seller’s market. Inventory is at 45 active homes, which is slightly better compared to the 39 listings in May.
The MAI at 48 shows the market continues to lean more toward sellers. Buyers have more opportunities to negotiate, especially on properties that remain on the market longer. Sellers still maintain leverage thanks to relatively low inventory levels compared to demand.
Inventory has increased slightly to 45 homes compared to April's 39. Inventory has decreased over the past several months, but it seems that spring and summer is starting to turn that around, which would help buyers who are currently in the market for a new home. The summer months are here and we expect inventory to continue to increase.
The median list price is $999,000, while the median price of new listings is slightly higher at $1,040,000. This gap suggests that sellers bringing homes to market are pricing homes higher than existing listings for June, as it was in May. This can be an indication that they’re responding to strong buyer demand and market conditions.
33% of listings have reduced their asking price.
0% have increased in price.
9% have been relisted.
The high share of price reductions confirms that overpricing remains a challenge. Buyers are willing to wait out overpriced homes, while competitively priced properties are generating stronger activity. These figures have stayed fairly consistent over the last several months, potentially signaling more consistency in the market.
Breaking the market into fourths provides a clear picture of activity across price ranges:
The San Pedro real estate market is in a seller's market, though it still leaves room for buyers to negotiate. With slightly shorter days on market, higher sold prices, and higher listing pricing, the market show that the market still favors sellers. Sellers who adapt with smart pricing and strong presentation will continue to attract offers, while buyers will find the most opportunity in homes lingering past the 60-day mark.
Thinking of selling? See what we can do for you!
Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County, for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes. We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!
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The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
As we enter October, the temperatures are (Hopefully) falling and the days are getting shorter, bringing with them all the wonderful family-friendly October events we
The Rancho Palos Verdes real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 33 closed sales, with median
The San Pedro real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 17 closed sales, with median pricing