Your Local Market Report

Hermosa Beach, CA

Single-Family Homes



Hermosa Beach, CA

Sat Aug 17 2019
This week the median list price for Hermosa Beach, CA is $3,575,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 40. Click here to stay informed with the Hermosa Beach market!

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Hermosa Beach, CA

Sat Aug 17 2019
This week the median list price for Hermosa Beach, CA is $3,575,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 40. Click here to stay informed with the Hermosa Beach market!

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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Hermosa Beach market.
Median List Price $3,575,000
Per Square Foot $1,331
Days on Market 114
Price Decreased 48%
Price Increased 0%
Relisted 3%
Inventory 40
Median House Rent $5,998
Most Expensive $21,000,000
Least Expensive $997,000
Market Action Index
Slight Seller's Advantage
35

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$10,425,000 3,900 0 - 4,500 sqft 5 3 5 0 0 153
$4,999,499 3,684 0 - 4,500 sqft 4 3 17 0 1 151
$1,949,500 1,818 0 - 4,500 sqft 3 2 68 0 4 50
$1,284,500 1,171 0 - 4,500 sqft 3 1 67 1 0 102