Pango Group

Hermosa Beach, CA 90254

Single-Family Homes

www.pangogroup.com


Hermosa Beach, CA 90254

Tue Apr 23 2024
This week the median list price for Hermosa Beach, CA 90254 is $6,549,500 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 18. 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.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Hermosa Beach, CA 90254

Tue Apr 23 2024
This week the median list price for Hermosa Beach, CA 90254 is $6,549,500 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has increased to 18. 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.

Slight Seller's Advantage

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Hermosa Beach market.
Median List Price $6,549,500
Median Price of New Listings $2,499,000
Per Square Foot $1,568
Average Days on Market 185
Median Days on Market 144
Price Decreased 39%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 39
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$11,500,000 4,775 0 - 4,500 sqft 5 4.8 14 0 0 273
$8,150,000 4,600 0 - 4,500 sqft 4 6 3 0 0 140
$6,475,000 2,759 0 - 4,500 sqft 4 4.5 18 0 0 91
$1,999,000 1,593 0 - 4,500 sqft 3 2 66 1 0 147