RE/MAX Estate Properties' Market Report
Redondo Beach, CA 90278
Condos/Townhomes
RE/MAX Estate Properties | 310-703-1900 | jsanders@eplahomes.com
Redondo Beach, CA 90278
Thu Jan 16 2025
This week the median list price for Redondo Beach, CA 90278 is $1,795,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has decreased to 33.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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 | $1,795,000 | |
| Median Price of New Listings | $1,611,500 | |
| Per Square Foot | $779 | |
| Average Days on Market | 100 | |
| Median Days on Market | 49 | |
| Price Decreased | 12% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 33 | |
| Median Rent | ||
| Market Action | 37 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $2,367,000 | 2,852 | 6,500 - 8,000 sqft | 4 | 4.5 | 1 | 0 | 0 | 101 |
| $2,164,500 | 2,541 | 6,500 - 8,000 sqft | 4 | 3.5 | 1 | 2 | 0 | 73 |
| $1,617,000 | 2,164 | 6,500 - 8,000 sqft | 4 | 3 | 5 | 2 | 1 | 91 |
| $1,229,000 | 1,716 | 0.5 - 1 acre | 3 | 2 | 17 | 2 | 1 | 42 |