Manhattan Beach Median Home Prices
Updated: August 8, 2023
The median price for homes in Manhattan Beach as of Dec. 31, 2022, was $3,137,000.
This is an amazing rise of 21% over 2 years, besting 2020's median price of $2,600,000. However, on a year-to-year basis, the rise was a modest 3% over 2021.
However, by July 2023, the median price had dropped suddenly and precipitously to $2.800M. (For more detail, see this update.)
Recent median price increases reflected a pandemic-era boom that has seen dramatic increases in many real estate markets, but particularly here in Manhattan Beach.
Low interest rates were a clear factor, low inventory added price pressure, and Manhattan Beach's role as second-home destination is also helping to drive purchases.
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, by the way, 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.
Recent Blog Posts About Manhattan Beach Median Home Prices
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:
Further Drops in Manhattan Beach Median Price? (May 9, 2023)
Manhattan Beach Median Price Drops 3% from Peak (April 6, 2023)
Manhattan Beach Median Home Price up 3% in 2022 (Jan. 11, 2023)
Manhattan Beach Prices & Growth Highest in South Bay (March 22, 2022)
Manhattan Beach Prices Highest, Growth Slowest in South Bay (March 11, 2021)
Manhattan Beach PPSF at $1,043 (Jan. 28, 2021)
Amid Record-Low Closings, Median Price Jumps to $2.5M (May 6, 2020)
Median Home Price Hits New Peak (April 5, 2020)
Median Price Down 2% in 2019 (Jan. 7, 2020)
Median Price for MB Dips Mildly (July 10, 2019)
See the 'Median Homes' of 2018 (Jan. 14, 2019)
Manhattan Beach Median Price Up 2% in '18 (Jan. 10, 2019)
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.
Work with Dave Fratello
Looking for help with your home search or sale? MB Confidential producer Dave Fratello is an active local broker with Edge Real Estate Agency. He and the team would be honored to help!
Edge is a full-service, boutique real estate agency representing buyers and sellers. We are experts in residential real estate in Manhattan Beach and nearby South Bay real estate markets.
We’re different because we uniquely blend online savvy, tech proficiency, marketing expertise, local knowledge and experience with negotiations and transactions in this area. For any question or a free consultation, reach out to Dave today!
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