Tue Jun 06 2023
This week the median list price for Redondo Beach, CA 90277 is $3,449,000 with the market action index hovering around 60. This is an increase over last month's market action index of 54. Inventory has decreased to 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$3,449,000|
|Median Price of New Listings||$0|
|Per Square Foot||$1,008|
|Average Days on Market||122|
|Median Days on Market||63|
|Strong Seller's Market|
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$18,900,000||15,728||1 - 2.5 acres||10||15||18||0||0||378|
|$5,245,000||3,097||8,000 - 10,000 sqft||4||4.5||47||0||1||28|
|$3,422,000||3,607||4,500 - 6,500 sqft||4||4.5||16||0||0||63|
|$2,598,000||2,624||6,500 - 8,000 sqft||4||3.3||46||0||2||147|