George Fotion's Market Report
Redondo Beach, CA 90278
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | (424) 722-9136
Redondo Beach, CA 90278
Fri May 09 2025
This week the median list price for Redondo Beach, CA 90278 is $1,660,000 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has held steady at or around 14.
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
| Median List Price | $1,660,000 | |
| Median Price of New Listings | $1,550,000 | |
| Per Square Foot | $941 | |
| Average Days on Market | 17 | |
| Median Days on Market | 7 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 76 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $2,599,000 | 2,755 | 0 - 4,500 sqft | 4 | 3.5 | 19 | 1 | 0 | 7 |
| $1,750,000 | 1,837 | 0 - 4,500 sqft | 3 | 2.5 | 37 | 2 | 2 | 0 |
| $1,587,500 | 1,534 | 0 - 4,500 sqft | 3 | 2 | 59 | 2 | 1 | 17 |
| $1,287,500 | 1,175 | 0 - 4,500 sqft | 3 | 2 | 67 | 2 | 0 | 21 |