Pango Group
Redondo Beach, CA 90277
Single-Family Homes
www.pangogroup.com
Redondo Beach, CA 90277
Mon Oct 21 2024
This week the median list price for Redondo Beach, CA 90277 is $2,999,999 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has decreased to 19.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $2,999,999 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,155 | |
| Average Days on Market | 130 | |
| Median Days on Market | 91 | |
| Price Decreased | 42% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 19 | |
| Median Rent | ||
| Market Action | 39 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,800,000 | 4,213 | 4,500 - 6,500 sqft | 5 | 4.3 | 27 | 0 | 1 | 122 |
| $3,465,000 | 3,000 | 4,500 - 6,500 sqft | 4 | 2.5 | 16 | 0 | 1 | 49 |
| $2,795,000 | 3,403 | 4,500 - 6,500 sqft | 5 | 2 | 68 | 0 | 0 | 266 |
| $1,450,000 | 1,022 | 0 - 4,500 sqft | 2 | 1 | 104 | 0 | 0 | 105 |