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