House the market? Scherb Homes Group - July 2025
Hi Friends,
We hope you had a wonderful 4th of July and are easing into a joyful summer. At the Scherb Homes Group, we’ve been in full swing—helping clients navigate this shifting market, preparing listings, and keeping a close eye on buyer activity. On the personal side, we’re getting ready for our family trip back East to visit family and soak in some Maine summer magic. Clover is thrilled for pony camp, and we’re all enjoying the longer evenings and beautiful sunsets this time of year.
This month’s report includes our signature market insights across the South Bay, organized from the highest to the lowest median priced cities: Rolling Hills, Manhattan Beach, Hermosa Beach, Palos Verdes Estates, Rolling Hills Estates, Rancho Palos Verdes, Hollywood Riviera, Redondo Beach, and Torrance. Whether you’re thinking of selling or hoping to buy, now is the time to pay attention.
South Bay Market Overview – July 2025
Top 3 Takeaways:
Inventory is growing, with 3.8 months of supply—the highest since 2012—giving buyers more choice
Prices are down 8–10% from last year, creating a rare buying opportunity in a market that has been dominated by sellers for years
Homes that are priced right, staged well, and in great locations are still moving quickly, while others are lingering longer than expected
Market Stats – South Bay Region
Median Sold Price: $1,872,500
Avg Price Change (YoY): -6.8%
Avg Dollar Difference YoY: -$119,500
Percent Homes Sold Over Asking: 31%
Percent Sold At Asking: 21%
Percent Sold Under Asking: 49%
Average Days on Market: 32
Sold <30 Days / 30-90 Days / >90 Days: 65% / 27% / 9%
Interest Rate (30yr Fixed): 6.61%
10-Year Treasury: 4.30%
Historical Spread: 2.31% (above the 1.7% average)
Consumer Sentiment: Majority still feel the economy is on the “wrong track”
Market-by-Market Insights
Rolling Hills
Median Price/SqFt: $1,123
Homes Active: 19
Median List Price: $4,950,000
Average Days on Market: 90
Percent Price Reductions: 42%
1-Year Forecast: +0.10%
Cliff’s Notes: Still one of the most exclusive enclaves in the South Bay. Longer market times, many price reductions. A balanced window for buyers seeking privacy and land behind the gates.
Manhattan Beach
Median Price/SqFt: $1,709
Homes Active: 95
Median List Price: $4,990,000
Average Days on Market: 53
Percent Price Reductions: 35%
1-Year Forecast: +0.90%
Cliff’s Notes: High inventory means more buyer options. Prices remain strong and the area holds long-term value, but sellers must be sharper with pricing strategy.
Hermosa Beach
Median Price/SqFt: $1,416
Homes Active: 43
Median List Price: $2,999,000
Average Days on Market: 59
Percent Price Reductions: 33%
1-Year Forecast: +0.90%
Cliff’s Notes: Highest number of listings in recent memory. Post-fire relocation demand has faded, and pricing has adjusted. Opportunities exist, but homes must shine to get top dollar.
Palos Verdes Estates
Median Price/SqFt: $1,058
Homes Active: 61
Median List Price: $3,750,000
Average Days on Market: 52
Percent Price Reductions: 29%
1-Year Forecast: +0.10%
Cliff’s Notes: More inventory means more choice, but also more competition. Buyers can find real value here. Sellers should list now while demand remains stable.
Rolling Hills Estates
Median Price/SqFt: $769
Homes Active: 27
Median List Price: $1,495,000
Average Days on Market: 27
Percent Price Reductions: 17%
1-Year Forecast: -1.50%
Cliff’s Notes: Homes here are moving quickly. It’s a value-focused pocket where buyers can still act confidently. Slight future dip expected in pricing—sellers should list sooner rather than later.
Rancho Palos Verdes
Median Price/SqFt: $823
Homes Active: 144
Median List Price: $1,997,000
Average Days on Market: 56
Percent Price Reductions: 37%
1-Year Forecast: -1.50%
Cliff’s Notes: This is the most inventory we’ve seen in years. It’s a strong buyer’s market. Sellers should prepare and price very competitively. Great time for buyers to make long-term plays.
Hollywood Riviera
Median Price/SqFt: $1,085
Homes Active: 25
Median List Price: $2,000,000
Average Days on Market: 31
Percent Price Reductions: 44%
1-Year Forecast: +1.90%
Cliff’s Notes: Price adjustments have stabilized and the area continues to draw interest. Sellers can succeed with solid prep and positioning. Strong appreciation forecast.
Redondo Beach
Median Price/SqFt: $868
Homes Active: 136
Median List Price: $1,697,000
Average Days on Market: 32
Percent Price Reductions: 44%
1-Year Forecast: +1.60%
Cliff’s Notes: Highest inventory since 2012. Buyers are in control. Sellers must stand out through price, condition, and marketing. This is a moment of great opportunity for buyers.
Torrance
Median Price/SqFt: $702
Homes Active: 175
Median List Price: $1,089,000
Average Days on Market: 36
Percent Price Reductions: 29%
1-Year Forecast: +3.30%
Cliff’s Notes: Torrance is outperforming the region in forecasted appreciation. Inventory is up, giving buyers time to make smart decisions. Entry-level buyers and investors should take note.
San Pedro
Median Price/SqFt: $571
Homes Active: 124
Median List Price: $827,000
Average Days on Market: 40
Percent Price Reductions: 32%
1-Year Forecast: -0.70%
Cliff’s Notes: Prices have softened and buyers have the upper hand. Sellers must be realistic and well-prepared. Opportunity lies in location and presentation.
Final Thoughts
Whether you’re considering buying, selling, or simply curious about how the shifting market affects your goals, now is a great time to connect. Sellers have one last window to capitalize before more listings flood the market, and buyers have a rare opportunity to shop with more selection and potentially better pricing than we’ve seen in years.
Reach out anytime if you’d like a customized seller’s report or want to see the best off-market homes coming soon in your area. I’m always here to help you or someone you know make a smart move.
All the best
Cliff and the Scherb Homes Group