Your Local Market Report

Redondo Beach, CA

Single-Family Homes



Redondo Beach, CA

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 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

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 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 $1,506,000
Per Square Foot $736
Days on Market 73
Price Decreased 50%
Price Increased 6%
Relisted 15%
Inventory 62
Median House Rent $4,300
Most Expensive $14,995,000
Least Expensive $825,000
Market Action Index
Strong Seller's Market
49

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,799,995 3,881 6,500 - 8,000 sqft 5 4 14 0 0 151
$1,799,000 2,560 6,500 - 8,000 sqft 4 1 61 3 2 67
$1,299,500 1,858 4,500 - 6,500 sqft 3 1 63 6 2 29
$1,014,000 1,335 4,500 - 6,500 sqft 3 1 66 3 5 48