Single-Family Homes
Sun Dec 22 2024
This week the median list price for Redondo Beach, CA 90277 is $2,549,000 with the market action index hovering around 52. This is an increase over last month's market action index of 47. Inventory has decreased to 12.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $2,549,000 | |
Median Price of New Listings | $3,399,000 | |
Per Square Foot | $1,012 | |
Average Days on Market | 165 | |
Median Days on Market | 53 | |
Price Decreased | 83% | |
Price Increased | 0% | |
Relisted | 25% | |
Inventory | 12 | |
Median Rent | ||
Market Action | 52 | |
Strong Seller's Market |
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$3,475,000 | 3,580 | 4,500 - 6,500 sqft | 5 | 4 | 24 | 1 | 1 | 252 |
$2,979,999 | 3,403 | 6,500 - 8,000 sqft | 5 | 2 | 69 | 0 | 1 | 329 |
$1,795,000 | 1,636 | 4,500 - 6,500 sqft | 4 | 2 | 72 | 0 | 1 | 35 |
$1,555,000 | 1,037 | 4,500 - 6,500 sqft | 2 | 1.5 | 101 | 0 | 1 | 49 |