Ellis Posner

Redondo Beach, CA 90277

Single-Family Homes

ellisposner.com



Redondo Beach, CA 90277

Mon Nov 25 2024
This week the median list price for Redondo Beach, CA 90277 is $2,499,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has increased to 21. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Redondo Beach, CA 90277

Mon Nov 25 2024
This week the median list price for Redondo Beach, CA 90277 is $2,499,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. Inventory has increased to 21. 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.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,499,000
Median Price of New Listings $1,749,000
Per Square Foot $1,125
Average Days on Market 97
Median Days on Market 42
Price Decreased 33%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent
Market Action 40
Slight Seller's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,750,000 3,580 6,500 - 8,000 sqft 5 4 26 0 0 182
$2,979,999 3,117 4,500 - 6,500 sqft 4 2 69 0 0 63
$1,999,000 1,651 4,500 - 6,500 sqft 4 3 72 1 1 14
$1,644,500 1,030 4,500 - 6,500 sqft 2 1.3 99 2 1 14