Your Local Market Report

Redondo Beach, CA

Single-Family Homes



Redondo Beach, CA

Tue May 21 2019
This week the median list price for Redondo Beach, CA is $1,697,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 54. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Redondo Beach, CA

Tue May 21 2019
This week the median list price for Redondo Beach, CA is $1,697,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 54. Click here to stay informed with the Redondo Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,697,000
Per Square Foot $759
Days on Market 68
Price Decreased 28%
Price Increased 2%
Relisted 6%
Inventory 54
Median House Rent $4,995
Most Expensive $14,995,000
Least Expensive $799,000
Market Action Index
Strong Seller's Market
51

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of 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
$2,849,000 4,167 6,500 - 8,000 sqft 5 5 19 2 0 101
$2,199,000 3,007 4,500 - 6,500 sqft 4 3 19 0 1 70
$1,474,000 1,856 6,500 - 8,000 sqft 3 1 63 1 1 21
$924,000 1,332 4,500 - 6,500 sqft 3 1 66 2 4 83