George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90278

Wed Apr 24 2024
This week the median list price for Redondo Beach, CA 90278 is $1,269,000 with the market action index hovering around 69. This is an increase over last month's market action index of 62. Inventory has decreased to 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Redondo Beach, CA 90278

Wed Apr 24 2024
This week the median list price for Redondo Beach, CA 90278 is $1,269,000 with the market action index hovering around 69. This is an increase over last month's market action index of 62. Inventory has decreased to 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,269,000
Median Price of New Listings $1,865,000
Per Square Foot $947
Average Days on Market 26
Median Days on Market 14
Price Decreased 29%
Price Increased 0%
Relisted 29%
Inventory 7
Median Rent
Market Action 69
Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

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
$3,445,000 3,635 4,500 - 6,500 sqft 5 6 0 0 0 7
$2,097,000 2,375 0 - 4,500 sqft 4 3 22 1 2 10
$1,252,000 1,799 4,500 - 6,500 sqft 3 2 57 1 1 49
$1,000,000 560 0 - 4,500 sqft 1 1 94 0 0 28