San Pedro Real Estate Market Update – Jan ’26

For January 2026, the median list price for San Pedro is $1,050,000, with the Market Action Index (MAI) at 45—a slight seller’s advantage but down from January. Inventory is at 39 active homes, which is higher than the downward trend we've seen in the last few months.

Market Action Index

The MAI at 45 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 January '26

In January, 19 homes sold in San Pedro, down from 27 in December. See the breakdown below and click the chart to view the sold homes.

Inventory Trends

Inventory has increased to 39 homes, which is up from the last few months. Inventory has been falling for the last few months and the dip helps support the seller’s side of the market. If inventory continues to fall, sellers could gain more leverage. With spring coming, we expect inventory to increase.

Median List Price

The median list price is $1.050M, while the median price of new listings is lower at $725K. This gap suggests that sellers bringing homes to market are pricing homes more competitively than existing listings. This can be an indication that they’re responding to buyer sensitivity and market conditions, but both figures have declined compared to last month.

Days on Market (DOM)

• Average DOM: 94 days
• Median DOM: 70 days Homes are moving in just about two to three months. Both figures have decreased in the last few weeks. This split highlights the importance of proper pricing and presentation—desirable and well-priced homes continue to draw offers more quickly.

Price Reductions & Increases

21% 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.

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 into a decent seller’s advantage, but the story is more nuanced: longer days on market, high price reductions, and competitive new listing pricing 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 90-day mark.

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