South Bay Real Estate Market Report for 2021
South Bay real estate data for 2021 is out. Home prices went up in all South Bay LA local markets. We had very low inventory of properties for sale. The buyer demand exceeded the supply which resulted in bidding wars and higher prices. Interest rates were low, helping new buyers enter the market.
Below you'll find the selected markets property listing and selling data in real time - click on provided links to see current listings and sold homes in last 6 months (all info is based on CRMLS; single family homes only). You may create your own market report, save and receive email update.
TORRANCE
257 single family homes were sold in Torrance in last 3 months. Average listing price was $1,762,482; average selling price was $1,050,402; Average price per square foot was $676; average days on market - 14.
REDONDO BEACH
414 single family were sold in Redondo Beach last year. Average selling price was $1,672,238; median sold price was $1,5M, average days on the market 20 days. Number of sales went up by 23% as compared to the previous year; Median price went up by 12 percent, Average sold price went up by 9 percent.
SAN PEDRO
Total of 409 single family homes were sold in San Pedro in 2021 compared with 353 sales a year ago, which is a 16 percent increase. Median sales price was $870,000 vs $756,000, which represents a 15 percent increase y-o-y. Average sold price was $935,033 vs. $779,893 a year ago - 20% price increase. It took 11 days fewer to sell a house (21 days vs 32 days in '20)
These are samples of real estate market reports for some South Bay markets.
Every neighborhood is different.
If you're thinking about selling your home, contact and we'll provide you with a Free market report for your home and area. Call Krystyna Ryan at (310)918-5027 or fill out the contact form to your right.
Comments(2)