February 2024 Real Estate Report

Homes For Sale
56 Total
Homes For Sale
Homes added
27 Homes
Added to the Market
Homes For Sale
20 Homes
Sold
Compared to Previous Month
-18%
Fewer Homes For Sale
home chart
5%
More Homes Sold
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Last month in February, housing in Rancho Palos Verdes, CA ended with 27 homes being added to the market for sale, for a cumulative monthly total of 56 homes for sale - down -18% compared to January. Rancho Palos Verdes, CA had a total of 20 homes sold for the month - up 5% from the month prior.

Detached led the way in homes sold with a total of 14 - up 14%, while attached totaled 6 in closed sales - down -17% from the month of January. The number of detached properties sold under 1500 square feet totaled 1 for the month of February, while homes from 1500 to 2000 square feet recorded 5 sales and homes sized from 2000 to 2500 square feet had 3 sales. While homes from 2500 to 3000 square feet square feet recorded 2 homes sold and homes from 3000 to 3500 square feet had 1 sales and while homes in the 3500 to 4000 square feet range totaled 2 homes sold. The following ranges for detached homes all had no sales: 4000 to 4500, 4500 to 5000, over 5500.

The number of attached homes sold under 1500 square feet numbered 4 and attached properties from 2000 to 2500 square feet had a total of 2 homes sold. The following ranges for attached homes all had no sales: 1500 to 2000, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.


When are the most homes sold in Rancho Palos Verdes, CA?
May:
42 Homes Sold
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The last 12 month period for the city of Rancho Palos Verdes, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and October 2023. The months of May 2023, June 2023 and October 2023 had 42 - 36 and 34 homes sold, respectively, as compared to an average of 25 for the other months of the year.

Sold Comparison Image
When do homes sell the fastest in Rancho Palos Verdes, CA?
August:
9 Days On Market
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The last 12 month period for the city of Rancho Palos Verdes, CA shows that homes sold the fastest during the months of March 2023, August 2023 and September 2023. The months of March 2023, August 2023 and September 2023 had 16 - 9 and 15 days on market, respectively, as compared to an average of 31 for the other months of the year.


Average Price Of Homes Sold In Rancho Palos Verdes, CA
By Size Category

Average Sold Price
Average Price Per Square Foot

Average Price Of Homes Sold In Rancho Palos Verdes, CA
By Year

Average Sold Price
Average Price Per Square Foot
Number of homes sold in Rancho Palos Verdes, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
20241920 - - - - - - - - - - 39
2023182731224236282625342829346
2022343445485144304333352524446
2021343451565457516260403856593
2020315530332638525042515257517
2019182540374841464839404238462
2018262840384966425327382426457
2017282434354769635040452842505
Average Days On Market (DOM) In Rancho Palos Verdes, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20244633 - - - - - - - - - - 40
20234746164528171891525243927
2022281614991017162021284519
20212324191991514121813282218
202043334020704622271835201933
201935594732342535233544365338
201854423023334520233634374535
201739413734272227302640405134
Average Days From List To Close Of Escrow In Rancho Palos Verdes, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average
20249173 - - - - - - - - - - 82
20231128780939353655965617311680
202281635464545761836072779168
202184746677576888546454687969
202010882896911911276877790796988
2019799911481748187738692829987
2018122848570839462837876749083
201783939482758396717187879985
Number of homes added to the market in Rancho Palos Verdes, CA
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
20244027 - - - - - - - - - - 67
202327312436543938414038288404
2022454749534942434236252919479
2021484856614561714349492825584
2020487742284558404649604321557
2019353246574548514643302317473
2018374251505056343139302413457
2017283951526350574037381917491