Pango Group

Redondo Beach, CA 90278

Single-Family Homes

www.pangogroup.com



Redondo Beach, CA 90278

Fri Apr 23 2021
This week the median list price for Redondo Beach, CA 90278 is $1,495,000 with the market action index hovering around 90. This is an increase over last month's market action index of 83. Inventory has held steady at or around 7. 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

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

Fri Apr 23 2021
This week the median list price for Redondo Beach, CA 90278 is $1,495,000 with the market action index hovering around 90. This is an increase over last month's market action index of 83. Inventory has held steady at or around 7. 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

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 $1,495,000
Per Square Foot $724
Days on Market 7
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $4,300
Most Expensive $2,475,000
Least Expensive $1,099,000
Market Action 90
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate 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
$2,475,000 3,350 8,000 - 10,000 sqft 4 3 30 1 2 0
$1,682,000 2,423 0 - 4,500 sqft 4 3 19 0 1 52
$1,447,000 1,999 4,500 - 6,500 sqft 3 2 54 1 1 3
$1,164,000 1,374 6,500 - 8,000 sqft 2 1 72 0 2 10