George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90278

Thu Sep 21 2023
This week the median list price for Redondo Beach, CA 90278 is $1,462,500 with the market action index hovering around 63. This is less than last month's market action index of 70. Inventory has increased to 18. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redondo Beach, CA 90278

Thu Sep 21 2023
This week the median list price for Redondo Beach, CA 90278 is $1,462,500 with the market action index hovering around 63. This is less than last month's market action index of 70. Inventory has increased to 18. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,462,500
Median Price of New Listings $1,449,000
Per Square Foot $917
Average Days on Market 39
Median Days on Market 39
Price Decreased 28%
Price Increased 6%
Relisted 0%
Inventory 18
Median Rent
Market Action 63
Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on 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
$2,022,500 2,440 0 - 4,500 sqft 3 3 36 0 1 49
$1,502,000 2,188 4,500 - 6,500 sqft 4 2.5 50 2 0 38
$1,449,000 1,246 4,500 - 6,500 sqft 3 3 58 2 0 35
$1,199,000 1,335 4,500 - 6,500 sqft 3 2 76 1 0 35