Pango Group

Hermosa Beach, CA 90254

Single-Family Homes

www.pangogroup.com



Hermosa Beach, CA 90254

Sat Nov 27 2021
This week the median list price for Hermosa Beach, CA 90254 is $5,002,500 with the market action index hovering around 55. This is an increase over last month's market action index of 50. Inventory has decreased to 14. 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

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.

Hermosa Beach, CA 90254

Sat Nov 27 2021
This week the median list price for Hermosa Beach, CA 90254 is $5,002,500 with the market action index hovering around 55. This is an increase over last month's market action index of 50. Inventory has decreased to 14. 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

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 Hermosa Beach market.
Median List Price $5,002,500
Median Price of New Listings $2,447,000
Per Square Foot $1,901
Average Days on Market 116
Median Days on Market 84
Price Decreased 36%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent $9,750
Market Action 55
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$13,500,000 6,000 4,500 - 6,500 sqft 5 6 9 0 0 140
$8,295,000 3,891 0 - 4,500 sqft 5 5 7 0 1 126
$4,615,000 3,481 0 - 4,500 sqft 4 5 17 0 1 119
$2,447,000 1,277 0 - 4,500 sqft 3 2 82 2 3 3