Updated: Jan. 5, 2022
The median price for homes in Manhattan Beach as of Dec. 31, 2021, was $3,054,000.
This amazing rise of 20% over 18 months and 15% year-over-year reflects the pandemic-era boom that has seen dramatic increases in many real estate markets, but particularly here in Manhattan Beach.
Low interest rates are a clear factor, low inventory is adding price pressure and Manhattan Beach's role as second-home destination is also helping to drive purchases.
For more about these numbers and all local data, please see our MB Market Update for 11/30/21.
It's rare to see such a big jump in prices in a short time.
The last time we saw such a quick rise in the median price for homes in Manhattan Beach was in calendar year 2017, when the median price was at $2,349,000 by year end. This was an increase of 13.2% over the 2016 median price of $2,075,000.
These figures were not calculated by robots or automated systems, they were calculated by a local broker, Dave Fratello, and they represent the true median price, not "average" price like you might see on some websites.
The median price is the exact middle of all the data, where half of the homes sold higher, and half sold lower.
We blog about home prices and median prices all the time here at MB Confidential!
See some of our more recent data and analyses here:
Median Price Hits $3.0M - Manhattan Beach Market Update for 11/30/21 (Dec. 2, 2021)
Median Prices through Q3: Up, Again (Oct. 8, 2018)
First Half '17 Bullish Again for Manhattan Beach (Aug. 2, 2017)
Bull Market(s) Celebrate 8th Year (March 9, 2017)
See the 'Median House(s)' of 2016 for MB (Feb. 15, 2017)
2016 Saw Bounceback in Sales, Higher Median Price (Feb. 14, 2017)
Would You Believe Prices Are Up? (Oct. 6, 2016)
Inventory Higher in 2015; Prices, Too (Jan. 7, 2016)
Sales Down, Prices Up So Far in 2015 (Dec. 8, 2015)
Sand Section Townhome PPSF Trends (July 8, 2015)
See the 7 'Median Homes' of MB for 2014 (Jan. 20, 2015)
MB Median Prices Rocket to New High in 2014 (Jan. 9, 2015)
How Prices Have Bounced Since '09 (Sept. 9, 2014)
MB Median Prices Tilt Way Up (July 1, 2014)
Medians, Peaks and Not-Bubbles (March 12, 2014)
2013 Wrap: Fewer Sales, Big Median Bump (Jan. 8, 2014)
For even more historical posts, follow the link below to the MB Confidential blog, which shows all posts tagged "median prices." Newest posts display first; you can scan back to see older posts and data.
See all MB Confidential blog posts about median prices for Manhattan Beach real estate
With just 5 DOM, Dave's listing at 1901 Lynngrove got multiple offers and is in escrow (list: $3.599M)
The A-frame house near downtown at 1504 Highland closes for $2.625M (+$26K)
Large new construx at 750 29th has a buyer (list: $5.995M)
100-block El Porto 1960s cottage at 116 41st begins at $2.295M
Large Tree Section new constux at 559 33rd closes for $6.000M
Sleek modern new construx in the Trees at 621 36th begins at $5.195M
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