Manhattan Beach Home Price Increases are the Highest in the South Bay
Mar 28, 2022 08:24AM ● By Mb News Staff
Over the past five years, Manhattan Beach median home prices have continued to reach ever-newer heights.
Now the city's pace of change for median home prices has also proved to be the greatest of all major South Bay areas over a five-year period (2017-21).
At $3.054M at year-end 2021, the median home price for Manhattan Beach had jumped $454K from only a year earlier. And that was $979K above the median price from five years prior.
That median price rise of 47% over five years beats the Palos Verdes area by 3%, and the neighboring beach cities (Redondo and Hermosa) by 7%. Torrance lags on the five-year timeline by 9%.
"This is notable because just one year ago, Manhattan Beach was showing the slowest growth in median prices over both a three-year and five-year period, and lagged the South Bay as a region," said MB Confidential author Dave Fratello, a broker with Edge Real Estate Agency.
On the year-over-year and three-year horizons (seen in the graph as the blue column and the green column, respectively), Manhattan Beach bested the overall South Bay region region by 1%.
Manhattan Beach's Real Estate Resource
MB Confidential, MB News's sister publication, offers the most detailed resource available for Manhattan Beach real estate data.
For the latest pending/sold reports and massive amounts of additional local real estate data, visit MB Confidential's data page. For an up-to-the-minute scorecard on new listings, new escrows, new closed deals, and new price cuts, visit the Manhattan Beach Confidential Dashboard.
Additionally, for more insights into the market, to inquire about buying or selling properties, or to learn more about off-market inventory, contact Dave Fratello by email, or call (310) 243-6299.
