San Pedro Real Estate Market Update – May ’26

For May 2026, the median list price for San Pedro is $999,990, with the Market Action Index (MAI) at 55—a seller’s advantage and slighly up from April. Inventory is at 39 active homes, which is slightly better compared to the 37 listings in April.

Market Action Index

The MAI at 55 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 increased slightly to 39 homes compared to April's 37. Inventory has decreased over the past several months, but it seems that spring and summer is starting to turn that around, which would help buyers who are currently in the market for a new home. The summer months are here and we expect inventory to continue to increase.

Median List Price

The median list price is $999,990, while the median price of new listings is slightly higher at $1,049,000. This gap suggests that sellers bringing homes to market are pricing homes higher than existing listings for May. This can be an indication that they’re responding to strong buyer demand and market conditions.

Days on Market (DOM)

• Average DOM: 97 days
• Median DOM: 56 days Homes are moving in just about two or three months. Both figures have stayed consistent compared to April. This split highlights the importance of proper pricing and presentation—desirable and well-priced homes continue to draw offers more quickly.

Price Reductions & Increases

38% of listings have reduced their asking price.

0% have increased in price.

10% 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 remains a seller's market, though it still leaves room for buyers to negotiate. With slightly longer days on market, higher prices, and higher listing pricing, the market show that the market still favors sellers. 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!