House the market? Scherb Homes Group - March 2026
South Bay Market Report
Scherb Homes Group
March 4, 2026
Hello friends,
I hope this note finds you well and enjoying these beautiful winter days here in the South Bay. We certainly have been. The weather has been incredible lately and we’ve been spending as much time outdoors as possible.
Baseball season has started which has been very exciting in our household. Clover is back out on the field which has been a lot of fun for all of us. We recently spent a weekend at SeaWorld with the Adventure Guides group and had an absolute blast. Between school events, sports, and the occasional beach walk in the middle of winter (which still feels like a novelty even after living here for years), we’ve been enjoying everything that makes living in the South Bay so special.
From a real estate standpoint, the spring market is beginning to wake up. Inventory is still relatively low across much of the South Bay, which is creating some interesting dynamics for both buyers and sellers.
In this report I’ve included a breakdown of the markets in the following order, starting with the cities with the highest median home values and moving toward more entry-level markets:
Rolling Hills
Manhattan Beach
Hermosa Beach
Palos Verdes Estates
Rolling Hills Estates
Rancho Palos Verdes
Hollywood Riviera
Redondo Beach
Torrance
San Pedro
Before diving into each city, here are the three big takeaways across the South Bay right now.
South Bay Market — Cliff’s Key Takeaways
• Inventory remains low across most of the South Bay, which continues to support pricing and keeps us slightly in seller’s market territory overall.
• Homes that are well prepared and priced correctly are still moving quickly, with many selling in under 30 days.
• Buyers still have opportunities in specific pockets where inventory is higher or price reductions have occurred — but preparation and speed remain critical.
South Bay Overall Market Snapshot
Metric
Current Data
Market Type
Slight Seller’s Market
Median Sold Price
$1,157,500
Price Change (12 months)
+$18,000
Median % of Original List Price
99.0%
Months of Inventory (MOI)
3.2
Homes Sold Over Asking
64%
Homes Sold At Asking
29.78%
Homes Sold Under Asking
6.22%
Median Days on Market (YoY)
Slightly faster than last year
Sold <30 Days
64%
Sold 30–90 Days
29.78%
Sold >90 Days
6.22%
30yr Mortgage Rate (Low)
6.22%
10yr Treasury
4.09%
Spread vs Treasury
2.13%
A quick note on interest rates.
Historically, mortgage rates run about 1.7% above the 10-year Treasury yield. Right now that spread is about 2.13%, meaning mortgage rates are still slightly elevated relative to long-term historical norms. If that spread narrows during the year, we could see mortgage rates ease somewhat even if treasury yields remain steady.
Now let’s look city by city.
Rolling Hills Market
Metric
Data
Median Price / Sq Ft
$1,062
Homes on Market
7
Median List Price
$5,995,000
Median Days on Market
60
Homes with Price Reductions
0%
1-Year Market Forecast
-2.0%
Cliff’s Notes
Rolling Hills always behaves a little differently than the rest of the South Bay simply because the number of homes available is so small. With only a handful of homes on the market at any given time, even one or two sales can shift statistics quite a bit.
Right now inventory is extremely limited, which is typical for this time of year. Price per square foot has softened slightly compared to last year, but median list prices remain strong and days on market are actually moving faster than last fall.
Buyers looking here need patience and readiness. Sellers still benefit from the scarcity of inventory.
Manhattan Beach Market
Metric
Data
Median Price / Sq Ft
$1,497
Homes on Market
54
Median List Price
$4,724,500
Median Days on Market
28
Homes with Price Reductions
14%
1-Year Market Forecast
+2.1%
Cliff’s Notes
Manhattan Beach is off to a strong start this year. Median list prices are high, homes are moving quickly, and fewer homes are experiencing price reductions.
Days on market have improved compared with last year, showing strong demand.
Buyers should expect competition and be prepared to move quickly when the right property comes up. Sellers should focus on preparation and pricing strategy to maximize results.
Hermosa Beach Market
Metric
Data
Median Price / Sq Ft
$1,465
Homes on Market
30
Median List Price
$3,259,500
Median Days on Market
30
Homes with Price Reductions
27%
1-Year Market Forecast
+2.1%
Cliff’s Notes
Hermosa Beach remains one of the most consistent markets in the South Bay.
Homes are typically selling in about a month and pricing has remained stable. While some properties are seeing reductions, the overall market remains healthy.
Buyers should be prepared to act when something appealing hits the market. Sellers entering the spring market should feel confident with current demand levels.
Palos Verdes Estates Market
Metric
Data
Median Price / Sq Ft
$1,096
Homes on Market
37
Median List Price
$4,694,500
Median Days on Market
31
Homes with Price Reductions
12%
1-Year Market Forecast
-2.0%
Cliff’s Notes
Palos Verdes Estates is starting to heat up as we move into the spring.
Days on market have dropped meaningfully from last fall when homes were taking closer to 75 days to sell. The number of homes experiencing price reductions has also dropped dramatically.
Buyers should be prepared for more competition this spring. Sellers entering the market now are arriving at a good time.
Rolling Hills Estates Market
Metric
Data
Median Price / Sq Ft
$746
Homes on Market
27
Median List Price
$1,389,000
Median Days on Market
27
Homes with Price Reductions
38%
1-Year Price Change
-2.5%
Cliff’s Notes
Rolling Hills Estates has slightly more inventory compared with last year, and prices have softened somewhat over the past twelve months.
However homes are actually selling faster, with days on market dropping significantly.
Buyers have had good opportunities here over the past year. Whether that trend continues into 2026 remains to be seen.
Rancho Palos Verdes Market
Metric
Data
Median Price / Sq Ft
$776
Homes on Market
75
Median List Price
$1,950,000
Median Days on Market
48
Homes with Price Reductions
30%
1-Year Price Change
-2.5%
Cliff’s Notes
Inventory is lower than it was during the fall months and prices have been slowly trending upward in the early part of the year.
Homes are beginning to sell faster as the spring market approaches.
Buyers may still find opportunities here while inventory remains available. Sellers should focus on thoughtful preparation and realistic pricing when bringing homes to market.
Hollywood Riviera Market
Metric
Data
Median Price / Sq Ft
$1,357
Homes on Market
32
Median List Price
$2,724,500
Median Days on Market
32
Homes with Price Reductions
36%
1-Year Price Change
-1.3%
Cliff’s Notes
The Riviera remains one of the most desirable neighborhoods in the South Bay and demand continues to be strong.
Inventory remains limited and days on market are tightening slightly. Some homes are seeing price reductions but overall demand remains healthy.
Buyers should stay ready as good homes do not sit long. Sellers benefit from strong buyer demand heading into spring.
Redondo Beach Market
Metric
Data
Median Price / Sq Ft
$895
Homes on Market
112
Median List Price
$1,662,000
Median Days on Market
33
Homes with Price Reductions
36%
1-Year Price Change
+1.2%
Cliff’s Notes
Redondo Beach currently has more inventory than many neighboring cities, giving buyers a bit more choice.
Prices and price per square foot are trending slightly higher while days on market continue to tighten. Overall this market feels relatively balanced.
If inventory increases further during the spring, buyers may see additional opportunities.
Torrance Market
Metric
Data
Median Price / Sq Ft
$649
Homes on Market
137
Median List Price
$950,000
Median Days on Market
22
Homes with Price Reductions
22%
1-Year Price Change
-0.7%
Cliff’s Notes
The Torrance market has reached a relatively stable balance between sales and available inventory.
Inventory remains low enough to keep the market leaning slightly toward sellers.
If the spring market heats up further, we may see prices begin to rise again.
San Pedro Market
Metric
Data
Median Price / Sq Ft
$524
Homes on Market
92
Median List Price
$850,000
Median Days on Market
34
Homes with Price Reductions
19%
1-Year Price Change
-2.3%
Cliff’s Notes
San Pedro remains the most buyer-friendly market in the region at the moment.
Inventory has been relatively steady and median prices have softened slightly compared with last year.
Buyers have a clear advantage here for now, though that could change as the spring market progresses.
Closing Thoughts
Overall, the South Bay market continues to show resilience.
Low inventory remains the defining theme across most neighborhoods. When good homes come to market — especially well prepared ones — they continue to sell quickly and often near or above asking price.
For buyers, preparation is key. Financing, strategy, and timing all matter when competing in tight inventory conditions.
For sellers, thoughtful preparation, strategic pricing, and timing the market correctly can still produce excellent results.
If you are thinking about selling your home in the next several months, I’m always happy to prepare a detailed home selling report specific to your property.
And if you’re a buyer beginning your search, feel free to reach out anytime. We often know about homes coming to market before they appear publicly and would be happy to share current opportunities.
Always happy to help however I can.
Cliff
Scherb Homes Group
Vista Sotheby’s International Realty
