Pango Group

Redondo Beach, CA 90277

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90277

Tue Jul 16 2024
This week the median list price for Redondo Beach, CA 90277 is $2,987,500 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has decreased to 16. 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 cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Redondo Beach, CA 90277

Tue Jul 16 2024
This week the median list price for Redondo Beach, CA 90277 is $2,987,500 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has decreased to 16. 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 cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,987,500
Median Price of New Listings $0
Per Square Foot $1,048
Average Days on Market 103
Median Days on Market 56
Price Decreased 31%
Price Increased 6%
Relisted 13%
Inventory 16
Median Rent
Market Action 59
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$3,737,444 4,052 4,500 - 6,500 sqft 5 5 25 0 0 143
$3,262,000 3,337 6,500 - 8,000 sqft 4 3.8 46 0 0 115
$2,349,500 2,436 6,500 - 8,000 sqft 4 3 84 0 2 52
$1,499,500 1,125 0 - 4,500 sqft 2 1.5 89 0 2 24