Single-Family Homes
Fri Mar 29 2024
This week the median list price for Hermosa Beach, CA 90254 is $6,899,999 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $6,899,999 | |
Median Price of New Listings | $7,397,500 | |
Per Square Foot | $1,539 | |
Average Days on Market | 172 | |
Median Days on Market | 119 | |
Price Decreased | 24% | |
Price Increased | 6% | |
Relisted | 12% | |
Inventory | 17 | |
Median Rent | ||
Market Action | 43 | |
Slight Seller's Advantage |
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$11,600,000 | 4,775 | 0 - 4,500 sqft | 5 | 4.8 | 14 | 1 | 0 | 245 |
$8,150,000 | 4,600 | 0 - 4,500 sqft | 4 | 6 | 3 | 0 | 0 | 112 |
$6,487,500 | 3,324 | 0 - 4,500 sqft | 5 | 5 | 9 | 0 | 1 | 108 |
$2,050,000 | 1,805 | 0 - 4,500 sqft | 3 | 3 | 66 | 1 | 0 | 119 |