Market Report

Redondo Beach, CA

Single-Family Homes

Chartwell Escrow



Redondo Beach, CA

Mon Feb 06 2023
This week the median list price for Redondo Beach, CA is $1,599,995 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has increased to 31. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Redondo Beach, CA

Mon Feb 06 2023
This week the median list price for Redondo Beach, CA is $1,599,995 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has increased to 31. 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

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,599,995
Median Price of New Listings $1,595,000
Per Square Foot $1,014
Average Days on Market 59
Median Days on Market 49
Price Decreased 23%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent
Market Action 46
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$3,199,999 3,804 4,500 - 6,500 sqft 5 5 17 2 0 49
$2,000,000 1,961 4,500 - 6,500 sqft 3 3 55 0 2 94
$1,580,000 1,547 4,500 - 6,500 sqft 3 2 65 2 2 7
$1,027,500 1,091 4,500 - 6,500 sqft 3 1 70 1 2 38