Pango Group

Hermosa Beach, CA 90254

Single-Family Homes

www.pangogroup.com



Hermosa Beach, CA 90254

Tue May 18 2021
This week the median list price for Hermosa Beach, CA 90254 is $4,870,000 with the market action index hovering around 49. This is an increase over last month's market action index of 42. Inventory has held steady at or around 19. Click here to stay informed with the Hermosa Beach market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Hermosa Beach, CA 90254

Tue May 18 2021
This week the median list price for Hermosa Beach, CA 90254 is $4,870,000 with the market action index hovering around 49. This is an increase over last month's market action index of 42. Inventory has held steady at or around 19. Click here to stay informed with the Hermosa Beach market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Hermosa Beach market.
Median List Price $4,870,000
Median Price of New Listings $3,049,500
Per Square Foot $1,325
Average Days on Market 106
Median Days on Market 77
Price Decreased 37%
Price Increased 0%
Relisted 21%
Inventory 19
Median Rent $9,750
Market Action 49
Strong Seller's Market

Prices in this zip code have been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$16,472,500 5,236 4,500 - 6,500 sqft 5 6 13 0 1 224
$5,595,000 4,477 0 - 4,500 sqft 5 6 5 1 1 77
$4,224,000 3,523 0 - 4,500 sqft 5 5 38 1 2 28
$1,800,000 2,026 0 - 4,500 sqft 3 2 69 2 3 14