George Fotion's Market Report

Redondo Beach, CA 90278

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | (424) 722-9136



Redondo Beach, CA 90278

Thu Feb 13 2025
This week the median list price for Redondo Beach, CA 90278 is $1,684,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has decreased to 10. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redondo Beach, CA 90278

Thu Feb 13 2025
This week the median list price for Redondo Beach, CA 90278 is $1,684,000 with the market action index hovering around 58. This is an increase over last month's market action index of 57. Inventory has decreased to 10. 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

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,684,000
Median Price of New Listings $1,497,000
Per Square Foot $903
Average Days on Market 72
Median Days on Market 46
Price Decreased 40%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent
Market Action 58
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$2,795,000 3,147 4,500 - 6,500 sqft 4 4.8 1 0 1 147
$1,897,000 1,978 0 - 4,500 sqft 3 2.5 59 0 2 10
$1,569,000 1,638 0 - 4,500 sqft 3 2 39 1 2 77
$1,195,000 1,350 4,500 - 6,500 sqft 4 2 72 1 2 14