Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Tue May 06 2025
This week the median list price for Redondo Beach, CA 90277 is $3,275,000 with the market action index hovering around 58. This is less than last month's market action index of 63. Inventory has increased to 24. 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 Narrative

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

Tue May 06 2025
This week the median list price for Redondo Beach, CA 90277 is $3,275,000 with the market action index hovering around 58. This is less than last month's market action index of 63. Inventory has increased to 24. 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 Narrative

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 $3,275,000
Median Price of New Listings $1,995,000
Per Square Foot $1,066
Average Days on Market 57
Median Days on Market 25
Price Decreased 21%
Price Increased 0%
Relisted 4%
Inventory 24
Median Rent
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 in general 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
$4,635,000 4,255 6,500 - 8,000 sqft 4 4.3 28 0 0 70
$3,447,000 3,473 4,500 - 6,500 sqft 5 4 27 0 0 59
$2,625,000 2,277 4,500 - 6,500 sqft 4 2 70 2 1 14
$1,737,000 1,764 0 - 4,500 sqft 4 2.5 72 3 3 7