The South Bay housing market is somewhat competitive. The median sale price of a home in South Bay was $1.1M last month, up 12.3% since last year. The median sale price per square foot in South Bay is $746, up 10.4% since last year.
What is the housing market like in South Bay today?
In April 2024, South Bay home prices were up 12.3% compared to last year, selling for a median price of $1.1M. On average, homes in South Bay sell after 36 days on the market compared to 42 days last year. There were 252 homes sold in April this year, down from 263 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,122,500
+12.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
South Bay, CA
100.3%
+0.8 pt
United States
Home offer insights for South Bay
Explore recent offers and recently sold homes in South Bay
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$600K Offer
Sold for $600K
3bd | 1ba | ~1,000sqft
Over List Price
12%
Days on Market
5
Competing Offers
20
Down Payment
~10%
Marianna Smith
South Bay Redfin Agent
We sent an offer removing all contingencies but inspection (5 days) , EMD 1 day and 15 days closing.
20 offers were received. They sent out counters to the top 4. We received one and but still lost :-(…
More
Offer Not Accepted|
11 Weeks Ago
~$2M Offer
Sold for $2M
4bd | 2.5ba | ~2,250sqft
Over List Price
0%
Days on Market
8
Competing Offers
1
Offer
All Cash
Sam Najarian
South Bay Redfin Agent
We made an initial offer that matched another offer that was presented. The other parties offered a higher offer and subsequently was accepted. …
More
Offer Not Accepted|
10 Weeks Ago
~$850K Offer
Sold for $1.25M
4bd | 3ba | ~2,250sqft
Over List Price
10%
Days on Market
12
Competing Offers
25
Down Payment
~60%
Jill Garland
South Bay Redfin Agent
Offer Not Accepted|
10 Weeks Ago
~$750K Offer
Sold for $1.25M
4bd | 3ba | ~2,250sqft
Under List Price
4%
Days on Market
12
Competing Offers
0
Down Payment
<10%
Rachel Adkins
South Bay Redfin Agent
View houses in South Bay that sold recently
Recently sold homes
SOLD MAY 16, 2024
3D WALKTHROUGH
$2,525,000 Last Sold Price
3 beds
3 baths
2,445 sq ft
27317 Sunnyridge Rd, Palos Verdes Peninsula, CA 90274
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on South Bay housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in South Bay.
Risk Factor
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
South Bay has a minor risk of flooding. 2,985 properties in South Bay are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in South Bay. Flood risk is increasing slower than the national average.
25% of properties are at risk of wildfire over the next 30 years
Fire Factor
South Bay has a moderate risk of wildfire. There are 11,693 properties in South Bay that have some risk of being affected by wildfire over the next 30 years. This represents 25% of all properties in South Bay.