Single-Family Homes
Mon Mar 18 2024
This week the median list price for Hermosa Beach, CA 90254 is $6,747,499 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has decreased to 16.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $6,747,499 | |
Median Price of New Listings | $4,587,500 | |
Per Square Foot | $1,554 | |
Average Days on Market | 176 | |
Median Days on Market | 126 | |
Price Decreased | 19% | |
Price Increased | 6% | |
Relisted | 19% | |
Inventory | 16 | |
Median Rent | ||
Market Action | 45 | |
Strong Seller's Market |
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$10,600,000 | 4,484 | 0 - 4,500 sqft | 4 | 5.3 | 12 | 0 | 1 | 255 |
$7,425,000 | 4,237 | 0 - 4,500 sqft | 5 | 5.5 | 9 | 1 | 0 | 108 |
$6,487,500 | 3,736 | 0 - 4,500 sqft | 5 | 6 | 1 | 0 | 1 | 49 |
$1,937,500 | 1,562 | 0 - 4,500 sqft | 2 | 2.5 | 70 | 1 | 2 | 150 |