Your Local Market Report

Redondo Beach, CA

Single-Family Homes



Redondo Beach, CA

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redondo Beach, CA

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,547,450
Per Square Foot $742
Days on Market 79
Price Decreased 53%
Price Increased 0%
Relisted 8%
Inventory 62
Median House Rent $4,348
Most Expensive $14,995,000
Least Expensive $795,000
Market Action Index
Strong Seller's Market
45

The market seems to have paused around this plateau. 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
$3,299,000 4,056 6,500 - 8,000 sqft 5 4 14 3 2 149
$1,895,000 2,608 6,500 - 8,000 sqft 4 2 61 3 1 79
$1,349,000 1,856 4,500 - 6,500 sqft 3 1 64 2 2 53
$1,014,000 1,339 4,500 - 6,500 sqft 3 0 66 7 3 41