George Fotion's Market Report
Redondo Beach, CA 90277
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Redondo Beach, CA 90277
Mon Dec 11 2023
This week the median list price for Redondo Beach, CA 90277 is $3,072,500 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has decreased to 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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
Real-Time Market Profile
| Median List Price | $3,072,500 | |
| Median Price of New Listings | $3,395,000 | |
| Per Square Foot | $1,055 | |
| Average Days on Market | 99 | |
| Median Days on Market | 91 | |
| Price Decreased | 38% | |
| Price Increased | 6% | |
| Relisted | 6% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
Click for more charts
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
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 |
|---|---|---|---|---|---|---|---|---|
| $5,492,500 | 5,080 | 6,500 - 8,000 sqft | 6 | 5.5 | 29 | 0 | 1 | 108 |
| $3,322,500 | 3,115 | 6,500 - 8,000 sqft | 4 | 4 | 35 | 1 | 0 | 59 |
| $2,794,000 | 3,193 | 4,500 - 6,500 sqft | 4 | 3.5 | 48 | 0 | 2 | 91 |
| $1,425,000 | 1,166 | 4,500 - 6,500 sqft | 3 | 2 | 94 | 0 | 1 | 133 |