Market Report

Hermosa Beach, CA

Single-Family Homes

Chartwell Escrow | 310.740.1708



Hermosa Beach, CA

Tue Oct 19 2021
This week the median list price for Hermosa Beach, CA is $3,999,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has decreased to 21. Click here to stay informed with the Hermosa Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Hermosa Beach, CA

Tue Oct 19 2021
This week the median list price for Hermosa Beach, CA is $3,999,000 with the market action index hovering around 46. This is about the same as last month's market action index of 46. Inventory has decreased to 21. Click here to stay informed with the Hermosa Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Hermosa Beach market.
Median List Price $3,999,000
Median Price of New Listings $2,388,000
Per Square Foot $1,277
Average Days on Market 115
Median Days on Market 84
Price Decreased 43%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent $8,000
Market Action 46
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. The Market Action Index is a good leading indicator for the durability of this trend.

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
$10,900,000 3,891 0 - 4,500 sqft 5 5 9 0 0 105
$5,388,000 4,477 0 - 4,500 sqft 5 6 12 0 0 147
$3,599,000 3,340 0 - 4,500 sqft 4 4 49 1 0 28
$2,293,500 2,266 0 - 4,500 sqft 3 3 38 2 3 38