Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Thu Mar 28 2024
This week the median list price for Redondo Beach, CA 90277 is $3,113,500 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 14. Click here to stay informed with the Redondo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redondo Beach, CA 90277

Thu Mar 28 2024
This week the median list price for Redondo Beach, CA 90277 is $3,113,500 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 14. Click here to stay informed with the Redondo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $3,113,500
Median Price of New Listings $2,273,000
Per Square Foot $1,085
Average Days on Market 93
Median Days on Market 81
Price Decreased 50%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 52
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$11,900,000 5,675 6,500 - 8,000 sqft 6 6 26 0 0 147
$3,298,000 3,403 4,500 - 6,500 sqft 4 4 8 1 2 28
$2,870,000 3,193 4,500 - 6,500 sqft 5 4 26 1 2 168
$1,660,000 1,267 4,500 - 6,500 sqft 2 1.5 72 2 1 14