Ellis Posner

Redondo Beach, CA 90278

Single-Family Homes

ellisposner.com



Redondo Beach, CA 90278

Thu Mar 28 2024
This week the median list price for Redondo Beach, CA 90278 is $1,449,499 with the market action index hovering around 62. This is an increase over last month's market action index of 50. Inventory has decreased to 8. Click here to stay informed with the Redondo Beach market!

Market Action Index

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

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 90278

Thu Mar 28 2024
This week the median list price for Redondo Beach, CA 90278 is $1,449,499 with the market action index hovering around 62. This is an increase over last month's market action index of 50. Inventory has decreased to 8. Click here to stay informed with the Redondo Beach market!

Market Action Index

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

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 $1,449,499
Median Price of New Listings $1,449,499
Per Square Foot $925
Average Days on Market 36
Median Days on Market 28
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 62
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we 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
$2,197,500 1,575 0 - 4,500 sqft 2 2.5 56 0 1 28
$1,549,999 1,758 4,500 - 6,500 sqft 4 2.5 73 2 1 0
$1,379,500 1,516 4,500 - 6,500 sqft 3 2.5 72 1 2 63
$1,150,000 1,881 4,500 - 6,500 sqft 3 2.5 35 1 0 52