Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Fri Apr 23 2021
This week the median list price for Redondo Beach, CA 90277 is $2,795,000 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has held steady at or around 21. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Redondo Beach, CA 90277

Fri Apr 23 2021
This week the median list price for Redondo Beach, CA 90277 is $2,795,000 with the market action index hovering around 58. This is less than last month's market action index of 62. Inventory has held steady at or around 21. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,795,000
Per Square Foot $942
Days on Market 21
Price Decreased 19%
Price Increased 0%
Relisted 14%
Inventory 21
Median Rent $4,948
Most Expensive $14,995,000
Least Expensive $1,295,000
Market Action 58
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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 6,756 0.5 - 1 acre 5 7 26 0 0 70
$3,250,000 3,342 6,500 - 8,000 sqft 5 4 16 1 0 7
$2,499,000 2,819 4,500 - 6,500 sqft 4 4 62 3 2 0
$1,474,500 1,903 4,500 - 6,500 sqft 3 3 56 2 1 14