House the market? Scherb Homes Group - August 2025
Hello Scherb Homes Family,
I hope this finds you well! The Scherb Homes Group and our family have just returned from our annual summer trip up to Maine, spending some quality time with relatives, including Clover’s cousins. We soaked in the ocean air, enjoyed lobster dinners, and even secured a stick builder for our vacation home project on our oceanfront property in Brooksville. It was a busy but joyful summer, and now we’re gearing up for Clover’s new school year while staying busy here in SoCal with work and the wonderful South Bay lifestyle we all love.
As we settle into late summer, I wanted to share a quick snapshot of what’s happening in the South Bay real estate market—from Rolling Hills down through Torrance. The cities are listed here in order of highest to lower median price, so you get the full picture of each neighborhood’s unique dynamics.
Top 3 Market Takeaways for the South Bay (All Cities Combined):
Inventory is Growing & MOI Rising: We’re seeing about 3.8 months of inventory in the South Bay, which is a more balanced market or slightly favoring buyers, a notable shift from last year’s intense seller’s market.
Prices Cooling with More Negotiation Power for Buyers: Around 41% of homes are selling under asking price, and bidding wars are fewer, meaning buyers have more leverage right now.
Sellers Need Patience & Strategy: With longer days on market and fewer over-asking sales (only 19%), sellers should price competitively and expect their homes to take longer to sell.
Metric
South Bay Region
Median Sold Price
$1,202,500
12-Month Price Change
-6.0%
Homes for Sale vs Last Month
+11.7%
Months of Inventory (MOI)
3.8
% Homes Sold Under Asking
41%
% Homes Sold At Asking
41%
% Homes Sold Over Asking
19%
Avg Days on Market
33
Interest Rate (30yr fixed)
6.57%
10yr Treasury Yield
4.27%
Interest Rate Spread (vs 10yr)
2.30% (Above Historical 1.7%)
Rolling Hills
Median Price/Sq Ft: $1,161
Active Homes: 16
Median List Price: $5,125,000
Avg Days on Market: 103
Homes with Price Reductions: 38%
1-Year Forecast: -0.8% (slightly down)
Cliff’s Notes:
Rolling Hills remains a quieter, more exclusive market with fewer homes. Buyers have a good shot right now, but sellers need to price carefully. Days on market are longer, but this is typical for such a high-end market.
Manhattan Beach
Median Price/Sq Ft: $1,623
Active Homes: 95
Median List Price: $4,599,000
Avg Days on Market: 63
Homes with Price Reductions: 44%
1-Year Forecast: +0.6%
Cliff’s Notes:
Manhattan Beach prices have softened since early 2025’s peak, giving buyers more opportunity. Inventory is at near-record highs, so sellers must be patient and price right.
Hermosa Beach
Median Price/Sq Ft: $1,402
Active Homes: 36
Median List Price: $3,442,000
Avg Days on Market: 69
Homes with Price Reductions: 40%
1-Year Forecast: +0.6%
Cliff’s Notes:
Similar to Manhattan, Hermosa Beach sees a stabilizing market. Buyers are starting to absorb inventory, but prices are still under pressure.
Palos Verdes Estates
Median Price/Sq Ft: $1,029
Active Homes: 48
Median List Price: $3,994,900
Median Days on Market: 67
Homes with Price Reductions: 40%
1-Year Forecast: -0.8%
Cliff’s Notes:
PVE shows signs of market patience with longer days on market and price reductions. But median list prices are nudging up slightly, so we may see a turnaround as buyers gain confidence.
Rolling Hills Estates
Median Price/Sq Ft: $773
Active Homes: 36
Median List Price: $1,507,000
Avg Days on Market: 37
Homes with Price Reductions: 25%
1-Year Forecast: -1.9%
Cliff’s Notes:
Rolling Hills Estates is leaning toward a buyer’s market with easing price per square foot. Homes still sell fairly quickly compared to other cities.
Rancho Palos Verdes
Median Price/Sq Ft: $800
Active Homes: 145
Median List Price: $1,999,000
Avg Days on Market: 53
Homes with Price Reductions: 42%
1-Year Forecast: -1.9%
Cliff’s Notes:
RPV is a value-driven market right now, with inventory up and prices down from their recent highs. Buyers can find homes with more land and space for their money, but sellers must price competitively.
Hollywood Riviera
Median Price/Sq Ft: $1,073
Active Homes: 22
Median List Price: $2,557,000
Median Days on Market: 58
Homes with Price Reductions: 41%
1-Year Forecast: +1.1%
Cliff’s Notes:
Hollywood Riviera bucks the trend with a slight price uptick and fewer homes on market. Buyers need to be ready to pay a bit more here, and sellers can still get asking price with patience.
Redondo Beach
Median Price/Sq Ft: $858
Active Homes: 130
Median List Price: $1,599,000
Avg Days on Market: 40
Homes with Price Reductions: 41%
1-Year Forecast: +1.2%
Cliff’s Notes:
Redondo Beach offers a healthy supply of homes and steady buyer interest. Prices are fairly stable, and buyers have more negotiating power than last year.
Torrance
Median Price/Sq Ft: $689
Active Homes: 176
Median List Price: $1,049,000
Avg Days on Market: 35
Homes with Price Reductions: 43%
1-Year Forecast: +2.1%
Cliff’s Notes:
Torrance is a great spot for buyers right now with more choices and shorter market times. The forecast suggests modest price growth, so it’s a balanced market with a slight seller edge.
San Pedro
Median Price/Sq Ft: $556
Active Homes: 126
Median List Price: $863,000
Median Days on Market: 43
Homes with Price Reductions: 46%
1-Year Forecast: -1.3%
Cliff’s Notes:
San Pedro is firmly a buyer’s market with significant price reductions and longer days on market. Sellers should price aggressively and prepare their homes well to attract buyers.
What This Means for Buyers
You have more inventory and options than we’ve seen in years.
Take advantage of less competition and negotiate smartly — many homes are selling below asking price.
Interest rates are still historically high, so locking in a rate now may save you money later.
Be ready to act when you find the right home; prices will likely stabilize or increase when rates drop.
What This Means for Sellers
Be realistic about pricing and willing to adjust quickly based on buyer feedback.
Homes will take longer to sell, so patience and strong marketing are key.
Staging and curb appeal matter more than ever to stand out in a growing inventory.
Consider the seasonality—fall is slower, so prepare for a longer market time.
If you’re thinking about selling or buying in the next few months, I’d love to help you with a personalized home selling report or share some off-market opportunities that aren’t publicly listed yet. Reach out anytime—my goal is to guide you through this shifting market with confidence.
Wishing you all the best,
Cliff Scherb
Vista Sotheby’s International Realty
Cliff@ScherbHomes.com | 310-696-6648!
