Wed Oct 04 2023
This week the median list price for Hermosa Beach, CA 90254 is $5,295,000 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has held steady at or around 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$5,295,000|
|Median Price of New Listings||$1,950,000|
|Per Square Foot||$1,632|
|Average Days on Market||143|
|Median Days on Market||56|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$10,500,000||3,764||0 - 4,500 sqft||5||5||16||0||1||203|
|$6,495,000||4,725||0 - 4,500 sqft||5||6||2||0||0||56|
|$2,995,000||1,847||0 - 4,500 sqft||3||3||69||0||0||21|
|$1,799,950||1,222||4,500 - 6,500 sqft||3||2||66||1||1||59|