Justin Tye

Redondo Beach, CA

Single-Family Homes

Active Realty I REAL



Redondo Beach, CA

Thu Jun 20 2024
This week the median list price for Redondo Beach, CA is $2,422,500 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has increased to 34. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Redondo Beach, CA

Thu Jun 20 2024
This week the median list price for Redondo Beach, CA is $2,422,500 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has increased to 34. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,422,500
Median Price of New Listings $1,899,000
Per Square Foot $906
Average Days on Market 48
Median Days on Market 28
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 34
Median Rent
Market Action 63
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$3,562,444 3,837 6,500 - 8,000 sqft 5 4.5 25 1 0 49
$2,719,000 3,212 4,500 - 6,500 sqft 5 4 22 2 1 42
$2,095,000 2,552 4,500 - 6,500 sqft 4 3 64 2 3 28
$1,599,000 1,760 0 - 4,500 sqft 3 2 67 2 0 21