Pango Group

Redondo Beach, CA 90278

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90278

Thu Dec 01 2022
This week the median list price for Redondo Beach, CA 90278 is $1,740,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 24. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Redondo Beach, CA 90278

Thu Dec 01 2022
This week the median list price for Redondo Beach, CA 90278 is $1,740,000 with the market action index hovering around 47. This is an increase over last month's market action index of 45. Inventory has decreased to 24. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,740,000
Median Price of New Listings $1,424,450
Per Square Foot $858
Average Days on Market 51
Median Days on Market 46
Price Decreased 33%
Price Increased 0%
Relisted 13%
Inventory 24
Median Rent
Market Action 47
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$2,786,500 3,443 4,500 - 6,500 sqft 4 4 17 0 1 63
$1,874,500 2,306 0 - 4,500 sqft 3 3 40 0 0 17
$1,562,000 1,445 0 - 4,500 sqft 3 2.5 63 2 5 28
$1,174,000 1,384 4,500 - 6,500 sqft 3 2 67 0 2 56