Justin Tye

Hermosa Beach, CA

Single-Family Homes

Active Realty I REAL



Hermosa Beach, CA

Fri Jun 21 2024
This week the median list price for Hermosa Beach, CA is $4,395,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 22. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Hermosa Beach, CA

Fri Jun 21 2024
This week the median list price for Hermosa Beach, CA is $4,395,000 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 22. 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

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Hermosa Beach market.
Median List Price $4,395,000
Median Price of New Listings $2,575,000
Per Square Foot $1,616
Average Days on Market 163
Median Days on Market 42
Price Decreased 23%
Price Increased 0%
Relisted 5%
Inventory 22
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$10,500,000 4,568 0 - 4,500 sqft 5 6 10 0 1 231
$6,500,000 4,631 0 - 4,500 sqft 5 6 0 1 0 112
$3,147,500 2,272 0 - 4,500 sqft 3 2.5 87 0 0 31
$2,134,500 1,650 0 - 4,500 sqft 3 2.5 68 2 0 21