San Pedro Real Estate Market Update – Mar ’26 

For March 2026, the median list price for San Pedro is $1,009,999, with the Market Action Index (MAI) at 47—a slight seller’s advantage but up from February. Inventory is at 40 active homes, which is lower compared to what we saw in February.

Market Action Index

The MAI at 47 shows the market continues to lean more toward sellers. Buyers have more opportunities to negotiate, especially on properties that remain on the market longer. Sellers still maintain leverage thanks to relatively low inventory levels compared to demand.

Inventory Trends

Inventory has decreased to 40 homes, which is down from February's 52. Inventory had been falling for much of the winter months, but it seems that spring may see more inventory enter the market, which would help buyers who are currently in the market for a new home. With spring coming, we expect inventory to continue to increase.

Median List Price

The median list price is $1,009,999K, while the median price of new listings is lower at $849K. This gap suggests that sellers bringing homes to market are pricing homes significantly lower than existing listings for March. This can be an indication that they’re responding to buyer demand and market conditions.

Days on Market (DOM)

• Average DOM: 71 days
• Median DOM: 32 days Homes are moving in just about a month or two. Both figures have remained in the same range over the last few months, as it seems the San Pedro market is heating up heading into spring. This split highlights the importance of proper pricing and presentation—desirable and well-priced homes continue to draw offers more quickly.

Price Reductions & Increases

20% of listings have reduced their asking price.

0% have increased in price.

13% have been relisted.

The high share of price reductions confirms that overpricing remains a challenge. Buyers are willing to wait out overpriced homes, while competitively priced properties are generating stronger activity. These figures have stayed fairly consistent over the last few months, potentially signaling more consistency in the market.

Market Segments

Breaking the market into fourths provides a clear picture of activity across price ranges:

Bottom Line

The San Pedro real estate market has slipped back into a seller's market, though it still leaves room for buyers to negotiate. With reduced days on market, high price reductions, and competitive new listing pricing, the market show that buyers still have influence. Sellers who adapt with smart pricing and strong presentation will continue to attract offers, while buyers will find the most opportunity in homes lingering past the 60-day mark.

Thinking of selling? See what we can do for you!