San Pedro Real Estate Market Update – Feb ’26

For February 2026, the median list price for San Pedro is $995,000, with the Market Action Index (MAI) at 41—a slight seller’s advantage but down from January. Inventory is at 52 active homes, which is a significant increase compared to what we've seen in the last few months.

Market Action Index

The MAI at 41 shows the market continues to lean more toward sellers, though the advantage is relatively mild. 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.

Sold Inventory for February '26

In February, 20 homes sold in San Pedro, up from 19 in January. See the breakdown below and click the chart to view the sold homes.

Inventory Trends

Inventory has increased to 52 homes, which is up significantly from the last few months. 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 $995K, while the median price of new listings is lower at $999K. This gap suggests that sellers bringing homes to market are pricing homes slightly higher than existing listings for February. This can be an indication that they’re responding to buyer demand and market conditions, but both figures have declined compared to last month.

Days on Market (DOM)

• Average DOM: 71 days
• Median DOM: 28 days Homes are moving in just about a month or two. Both figures have decreased significantly in 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

19% of listings have reduced their asking price.

2% have increased in price.

12% 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.

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 drifted closer to a balanced market, though it's still favors sellers. 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.

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