Houses in the Beach Cities and on the Palos Verdes Peninsula are still selling fast. In the Beach Cities, the typical house that sold over the past twelve months went under contract in 17 days and closed at 99.0 percent of its first asking price. On the Peninsula it took 25 days and closed at 97.0 percent. On November 8 there were 1.7 months of houses for sale in the Beach Cities and 2.4 months on the Peninsula.
These figures cover detached single family homes that closed from November 1, 2025 through October 31, 2026, from our own pull of California Regional MLS (CRMLS) records on November 8, 2026.
How long would today’s supply last?
Months of inventory is the count of houses for sale divided by how many sell in a typical month. We read it first, because it shows whether buyers or sellers hold the stronger hand.
On November 8 there were 90 houses for sale in Manhattan Beach, Hermosa Beach and Redondo Beach. Together they have been closing about 52 houses a month since August. If nothing new came on the market, all 90 would be sold in about seven and a half weeks.
The Peninsula had 135 houses for sale against about 55 sales a month, which works out to about ten and a half weeks.
Our October 2 report put supply at a little over two months and said the next count would show whether that was where the market was settling. Counted house by house for November 8, the Beach Cities and the Peninsula together held 225 houses against about 107 sales a month. That is still about two months of supply.
For the country as a whole, the National Association of Realtors puts supply at 4.8 months for September, unchanged from August. A Beach Cities seller is working with about a third of that.
How close to asking are homes selling?
We measure the sale price against the first asking price, not the last one, so every price cut counts.
In the Beach Cities, 99.0 percent works out to about $10,000 under the first asking price for every $1 million. On the Peninsula, 97.0 percent works out to about $30,000 under for every $1 million. In our experience, most of that difference comes from Peninsula listings that stayed on the market past the first month and sold after a price reduction.
Rolling Hills sells more slowly: 21 sales, a median of 73.5 days on the market, and 90.4 percent of first asking, about $96,000 under for every $1 million. With that few sales, a handful of long listings moves the median, so an owner there gets a clearer read from the recent sales of homes like theirs.
The numbers by market
| Market | Sales | Median days | Share of first asking price | Median price | Months of inventory |
|---|---|---|---|---|---|
| Beach Cities combined | 593 | 17 | 99.0% | $2,700,000 | 1.7 |
| Manhattan Beach | 278 | 19.5 | 98.9% | $3,850,500 | 2.0 |
| Hermosa Beach | 95 | 20.5 | 97.9% | $2,650,000 | 1.6 |
| Redondo Beach | 220 | 13.5 | 99.7% | $1,670,000 | 1.4 |
| Palos Verdes Peninsula combined | 544 | 25 | 97.0% | $2,238,500 | 2.4 |
| Palos Verdes Estates | 144 | 21 | 97.1% | $2,900,000 | 1.9 |
| Rancho Palos Verdes | 292 | 26 | 96.9% | $1,900,000 | 2.6 |
| Rolling Hills Estates | 55 | 21 | 98.6% | $2,825,000 | 2.1 |
| Rolling Hills | 21 | 73.5 | 90.4% | $4,600,000 | 3.8 |
| Unincorporated Peninsula | 32 | 18 | 98.9% | $2,250,000 | 3.0 |
| More of the South Bay | |||||
| El Segundo | 72 | 22.5 | 97.1% | $2,025,000 | 1.4 |
| Hollywood Riviera | 85 | 26 | 97.8% | $2,200,000 | 1.6 |
| Torrance | 520 | 12 | 100.0% | $1,300,000 | 1.1 |
| San Pedro | 219 | 22 | 99.2% | $985,000 | 2.5 |
Stats presented here represent the city or area as a whole, not any one individual property. Months of inventory uses houses for sale on November 8, 2026, divided by average monthly closings for August through October.
The table above is twelve months of closings, which is the right window for where a market is headed. What changed in your own market this week is a different question, and from this month we answer it every Tuesday in the newsletter: new listings, new escrows and closed sales for the market you pick, this week beside last.
Track your area
See what moves in your neighborhood each week: new listings, new escrows and closed sales for the market you select, week-over-week, inside This Week in South Bay Real Estate.
Did prices go up this year?
The Beach Cities median rose 1.4 percent from the twelve months before, to $2,700,000. The Peninsula median rose 4.1 percent, to $2,238,500.
A median moves with which houses sold as well as with what they sold for. Palos Verdes Estates is the clearest example this year. Its median price rose 11.5 percent, to $2,900,000, but the typical house sold this year was about 310 square feet larger than last year’s, and price per square foot rose 1.3 percent. The rise came from larger houses selling, so it does not mean values climbed 11.5 percent. Rolling Hills Estates reads the same way: a median up 21.5 percent, to $2,825,000, while price per square foot fell 5.5 percent and the typical house sold was about 630 square feet larger.
Manhattan Beach is different. Its median rose 9.2 percent, and price per square foot rose 9.8 percent even though the typical house sold was about 290 square feet smaller, so that rise holds up on a per-foot basis.
In Hermosa Beach the median fell 7.6 percent, but price per square foot rose 6.6 percent, because the houses that sold were smaller.
What does this mean if you own a home here?
At 1.7 months in the Beach Cities and 2.4 on the Peninsula, sellers still hold the stronger hand. The typical Beach Cities house sells within three weeks at close to its first asking price. On the Peninsula, expect about a month, and plan for the first price to be the one buyers judge you on.
In our experience, the listings that give up the most are the ones that start high and cut later. Pricing it right the first week is worth more than room to negotiate. If you want to see what a sale would leave you with, the Your Exit Math lays out every cost line by line.
What does this mean if you are buying here?
A South Bay buyer should be ready to act within the first two or three weeks a house is on the market, with a lender’s approval in hand. At 99.0 percent of first asking, the Beach Cities figures leave little room for offers well under asking. On the Peninsula there is more room, especially on houses that have been on the market past a month.
If you have not set your budget yet, Buyer’s Wallet works out a price range from your income, debts and cash, before your first open house.
How do these figures compare with Los Angeles County and California?
The California Association of Realtors releases each month’s figures in the third week of the following month, so its October numbers were not out when this report went up and these are its September 2026 numbers, released October 19. Across California, the median single family home sold for $899,720, up 1.7 percent from September 2025, took a median of 29 days to sell and closed at 98.8 percent of its list price, with 3.7 months of supply. In Los Angeles County the median was $994,670, up 1.2 percent from a year earlier.
C.A.R. measures a single month and we measure twelve, so the comparison is a rough one, and it still shows a clear difference. A Beach Cities house sold in 17 days with 1.7 months of supply, against 29 days and 3.7 months statewide. A South Bay seller is in a faster market than California as a whole, and a South Bay buyer should expect less time to decide. The December report will carry C.A.R.’s October numbers.
What comes next?
The next report publishes December 1, 2026, and covers the twelve months ending November 30. It will carry the first full weeks of escrows after the November 3 election, which the Tuesday newsletter tracks week by week until then. The full figures for every market also live on our Market Insights page.
Buying, selling, or still deciding if the South Bay is where you’ll settle down next? Neil Chhabria, Broker, 310.798.3122, [email protected].
Sources
- California Association of Realtors, September home sales and price report, released October 19, 2026.
- California Regional MLS (CRMLS) Matrix, single family residences, detached, closed sales November 1, 2025 through October 31, 2026 and November 1, 2024 through October 31, 2025; active inventory on November 8, 2026. Pulled by Chhabria Real Estate Company on November 8, 2026. Median days on market and share of first asking price leave out records with zero days on market.
- National Association of Realtors, Existing-Home Sales, September 2026, released October 13, 2026.
- Chhabria Real Estate Company, How many single family homes are for sale in the South Bay?, October 2, 2026.
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