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