Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Tue May 18 2021
This week the median list price for Redondo Beach, CA 90277 is $2,997,500 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 20. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Redondo Beach, CA 90277

Tue May 18 2021
This week the median list price for Redondo Beach, CA 90277 is $2,997,500 with the market action index hovering around 60. This is less than last month's market action index of 61. Inventory has decreased to 20. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,997,500
Median Price of New Listings $3,000,000
Per Square Foot $839
Average Days on Market 77
Median Days on Market 42
Price Decreased 30%
Price Increased 10%
Relisted 25%
Inventory 20
Median Rent $4,600
Market Action 60
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
$12,000,000 5,528 0.5 - 1 acre 5 7 16 0 0 98
$3,499,900 5,742 8,000 - 10,000 sqft 6 7 16 2 0 49
$2,750,000 3,177 4,500 - 6,500 sqft 4 4 30 1 3 28
$1,550,000 1,858 4,500 - 6,500 sqft 3 2 66 0 2 35