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Median Price Up $500K in 18 Months

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by Dave Fratello

Remember how here in Manhattan Beach, we had a couple of slow years in real estate, then a busy one?

It's reflected in prices.

 

Look back just 18 months to January 2024, and the latest median price of $3.275M for June 2025 is a full $500K higher than it was oh-so-long-ago. (It's not that long ago.)

This new median would be the highest-ever for Manhattan Beach, but for April 2025, when the figure was $25K higher at $3.300M. Can we just say it's the highest even for a year-end or mid-year? 

(Please keep in mind, when we present median prices, they are always calculated using a full 12 months' worth of data.)

Scale of Improvement is Notable

$500K is a big number.

It's also a big jump of 18% over 18 months (ooh, there's that lucky 18 again!), a rather fitting counter-trend to the 12% decline in the median price over 12 months in 2023. 

We had noted how the Manhattan Beach median home price had been rising throughout 2024 in our data wrap for last year. (See "Data Show How '24 Improved - Manhattan Beach Market Update for 12/31/24.") But that was a more modest 8% increase throughout last year. 

As you can see, the median price took its biggest jump between Dec. 31 '24 and January 31 '25. Since then, truthfully, the median price has been kind of flat for the rest of the year. (See our full page about median home prices in Manhattan Beach, including links to past analyses.)

These median price data won't be too surprising in light of other data that we reported last week. 

We showed that the total number of sales was up 27% year-over-year, nearly average for the first 6 months of the year. Meantime, the dollar volume (amount of money spent on homes) was up 43%, ranking second among all first halves.

'Median Homes' for '24 and '25

Whenever we talk about median prices, we also like to see what the "median home" was. This time, the "median home" (which actually sold for $3.275M) was 1607 1st St. (5br/5ba, 3495 sqft.):

1607 1st Street, Manhattan Beach,

The home is an '06 Spanish in East Manhattan that needed almost 5 months on market, after starting at $3.700M and ultimately selling 11% lower at the aforementioned $3.275M in Oct. '24.

The "median home" for Jan. '24 was 212 41st (3br/2ba, 1543 sqft.), a lovingly remade El Porto cottage with some ocean views.

This little beauty closed for $2.775M (+$25K over asking) in June 2023.

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Nerdy notes:

Chart data comes from the California Regional Multiple Listing Service, Inc., InfoSparks © 2025 ShowingTime.

All charts custom crafted by Dave Fratello for MB Confidential, and copyrighted.

 

 

Recent Posts

Looking at or slightly above the $4M range? A few new options emerged this week, two in East Manhattan and one in the Tree Section. See those and some land-value listings in Martyrs and the Trees, and more in this week's post.

Please see our blog disclaimer.

Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.

Based on information from California Regional Multiple Listing Service, Inc. as of March 10th, 2026 at 2:31pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.