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

Mon Dec 11 2023
This week the median list price for Redondo Beach, CA 90278 is $1,285,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has decreased to 13. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Redondo Beach, CA 90278

Mon Dec 11 2023
This week the median list price for Redondo Beach, CA 90278 is $1,285,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has decreased to 13. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,285,000
Median Price of New Listings $1,285,000
Per Square Foot $673
Average Days on Market 53
Median Days on Market 28
Price Decreased 23%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent
Market Action 61
Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

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
$1,649,000 2,170 6,500 - 8,000 sqft 4 3 18 2 1 0
$1,394,864 1,917 6,500 - 8,000 sqft 4 3 0 1 0 7
$1,199,900 1,630 6,500 - 8,000 sqft 3 3 35 2 1 28
$687,450 1,162 0.5 - 1 acre 2 1.5 30 2 0 49