George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90277

Sun Jan 29 2023
This week the median list price for Redondo Beach, CA 90277 is $3,199,000 with the market action index hovering around 48. This is less than last month's market action index of 58. Inventory has held steady at or around 7. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Redondo Beach, CA 90277

Sun Jan 29 2023
This week the median list price for Redondo Beach, CA 90277 is $3,199,000 with the market action index hovering around 48. This is less than last month's market action index of 58. Inventory has held steady at or around 7. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $3,199,000
Median Price of New Listings $1,950,000
Per Square Foot $1,036
Average Days on Market 88
Median Days on Market 49
Price Decreased 43%
Price Increased 14%
Relisted 14%
Inventory 7
Median Rent
Market Action 48
Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

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
$19,995,000 15,728 1 - 2.5 acres 10 15 18 0 0 245
$3,693,750 4,043 6,500 - 8,000 sqft 5 5.5 10 0 0 77
$2,749,000 2,999 4,500 - 6,500 sqft 4 3.5 46 0 0 84
$1,774,500 1,524 4,500 - 6,500 sqft 3 2 67 1 0 24