The Manhattan Beach real estate market is selling more homes at slightly lower prices. According to Redfin, the median sale price was about $3.29 million over the three months ending September 2026, down 3.8% from a year earlier. In September, 110 homes sold, up from 82 a year earlier, and homes closed at 99.8% of list price on average. This guide covers the latest local data, how the California market compares, and what the California Association of REALTORS® (C.A.R.) forecasts for 2027.
Manhattan Beach Real Estate at a Glance
Topic | Latest figure | Source |
|---|---|---|
Manhattan Beach median sale price (3 months ending Sept. 2026) | About $3.29 million, down 3.8% from a year earlier | Redfin |
Homes sold in Manhattan Beach (Sept. 2026) | 110, up from 82 a year earlier (+33.8%) | Redfin |
Median days on market (3 months ending Sept. 2026) | 40, versus 38 a year earlier | Redfin |
Sale-to-list price ratio (Sept. 2026) | 99.8%, up 0.6 points from a year earlier | Redfin |
California median home price (Sept. 2026) | $899,720, up 1.7% from a year earlier | C.A.R. |
30-year fixed mortgage rate (week of Oct. 29, 2026) | 7.24%, versus 6.17% a year earlier | Freddie Mac |
2027 California sales and price forecast | Sales up 3.7%, median price up 1.4% | C.A.R. |
How Much Do Manhattan Beach Homes Cost?
Redfin reports a median sale price of $3,285,935 for the three months ending September 2026, down 3.8% from the same period a year earlier. The median sale price per square foot was about $1,620, up 1.9% from a year earlier.
For context, California's statewide median home price was $899,720 in September 2026, according to C.A.R. The two figures cover different areas and time periods, but they show how far Manhattan Beach sits above the statewide median.
Main Takeaway: Median prices in Manhattan Beach slipped 3.8% year over year, while the price per square foot rose 1.9%.
Home Sales and Time on Market
Sales activity picked up. Redfin counted 110 Manhattan Beach homes sold in September 2026, compared with 82 in September 2025, an increase of 33.8%.
Homes took a little longer to sell. The median time on market was 40 days over the three months ending September 2026, up from 38 days a year earlier.
Pricing stayed close to asking. Homes sold for 99.8% of list price in September 2026, and 33.4% of homes sold above list price, down 5.7 percentage points from a year earlier. About 26.2% of homes had price drops, down 3.0 points year over year.
Redfin rates the Manhattan Beach market "Very Competitive," with a Compete Score of 73 calculated over the last three months.
How Is the California Market Doing as a Whole?
Manhattan Beach does not move in isolation from the state, so the statewide picture helps explain buyer demand.
C.A.R. reported that California existing single-family home sales totaled 260,410 in September 2026 on a seasonally adjusted annual basis, down 6.5% from 278,540 in September 2025. C.A.R. attributed the pullback to higher borrowing costs and affordability challenges.
Rates are the main pressure point. Freddie Mac's weekly survey put the 30-year fixed rate at 7.24% for the week of Oct. 29, 2026, down from 7.32% the week before and up from 6.17% a year earlier.
What Is the 2027 Forecast for California?
C.A.R. released its 2027 California Housing Market Forecast on Oct. 7, 2026. The headline projections:
- Sales: 277,900 existing single-family homes in 2027, up 3.7% from a projected 268,100 in 2026.
- Prices: a statewide median of $894,400, up 1.4% from a projected $882,200 in 2026.
- Mortgage rates: an average 30-year fixed rate of 6.6% in 2027.
- Inventory: C.A.R. expects an ongoing shortage of homes for sale to remain a defining factor, with supply loosening somewhat as market conditions and lending normalize.
- Seller behavior: C.A.R.'s chief economist said the mortgage lock-in effect will keep many potential sellers on the sidelines.
Local Tip: This is a statewide forecast, not a Manhattan Beach forecast. Local results can differ from California averages, so recent neighborhood sales are a better guide for a specific home. The recently sold homes in Manhattan Beach page shows what Boyd the Broker has closed.
What the Outlook Means for Manhattan Beach Buyers and Sellers
Buyers are seeing homes close near list price, with about a third selling above it, so reviewing current listings against recent sales gives a clearer sense of pricing. Investors weighing renovation projects can read The Ultimate Guide to Flipping Houses in Manhattan Beach, and buyers comparing nearby beach cities can see Living the Hermosa Beach Lifestyle Beyond the Pier.
Sellers may find that C.A.R.'s expectation of looser inventory next year means more competing listings over time. A current home value estimate is a practical first step before deciding on timing.
Questions about a specific Manhattan Beach property or timing? Connect with Boyd the Broker to review current listings and recent sales together.
Sources
- Redfin, Manhattan Beach, CA Housing Market: House Prices and Trends (September 2026 data; based on Redfin calculations of MLS and public records data)
- California Association of REALTORS®, C.A.R. releases its 2027 California Housing Market Forecast (Oct. 7, 2026)
- California Association of REALTORS®, September 2026 Home Sales and Price Report (Oct. 19, 2026)
- Freddie Mac, Primary Mortgage Market Survey: weekly 30-year fixed-rate average, week of Oct. 29, 2026
