Your Local Market Report

Redondo Beach, CA

Single-Family Homes



Redondo Beach, CA

Mon Jul 22 2019
This week the median list price for Redondo Beach, CA is $1,574,000 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 56. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Redondo Beach, CA

Mon Jul 22 2019
This week the median list price for Redondo Beach, CA is $1,574,000 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 56. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,574,000
Per Square Foot $758
Days on Market 66
Price Decreased 38%
Price Increased 2%
Relisted 9%
Inventory 56
Median House Rent $4,823
Most Expensive $14,995,000
Least Expensive $799,950
Market Action Index
Strong Seller's Market
52

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$2,824,997 3,968 6,500 - 8,000 sqft 5 4 12 3 0 118
$1,750,000 2,514 6,500 - 8,000 sqft 4 2 40 4 0 78
$1,363,500 1,830 4,500 - 6,500 sqft 3 1 64 5 2 23
$987,000 1,228 4,500 - 6,500 sqft 3 0 66 6 1 48