Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

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. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Redondo Beach, CA 90277

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. 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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Redondo Beach 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
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 60
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.

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
$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