South Bay Real Estate Market Report for 2021

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Real Estate Broker/Owner with Broker California Lic 01485187

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.

Torrance Market Report


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.


Redondo Beach Market Report 

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)
 

San Pedro Market Report


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.

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If you are Buying, Selling or Relocating to the South Bay Los Angeles area and need help from the experienced, professional REALTOR®, I would be happy to assist you! Call (310)918-5027 or visit my South Bay real estate website for Free property searches and to sign up for free listing alerts, Redondo Beach, Torrance, Beach Cities real estate resources Free Home Evaluation and more!  Find me online:

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Comments (2)

Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

This was a really good post. Thank you for taking the time to write it!

Jan 14, 2022 10:59 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your South Bay market update with us Krystyna. Buyers & sellers in your area would benefit from your services. Have a great day!

Jan 15, 2022 01:49 PM