Is Hermosa Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hermosa Beach has remained a Seller's Market.
Housing Prices in Hermosa Beach, CA
How much do homes in Hermosa Beach, CA cost?
Median Sold Price
$2,292,500
$1,218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hermosa Beach was $2,292,500 in April 2024, up 7% from last year, and the median price per square foot was $1,218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $720K | $848.7K | +17.9% |
2 Bedrooms | $1.4M | $1.4M | +4.4% |
3 Bedrooms | $2.1M | $2.1M | -0.3% |
4 Bedrooms | $3.1M | $2.9M | -3.4% |
5+ Bedrooms | $4.3M | $4.9M | +12.6% |
Summary: Hermosa Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
Hermosa Beach | $2.1M | $2.2M | +7.0% |
Redondo Beach | $1.4M | $1.4M | +2.8% |
South Bay Cities | $1.7M | $1.7M | -2.1% |
Manhattan Beach | $3.1M | $2.7M | -11.6% |
Housing Supply in Hermosa Beach, CA
How many homes are available in Hermosa Beach, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 62 | +3.3% |
Summary: The Hermosa Beach real estate market had 62 homes for sale in April 2024, a 3.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Hermosa Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 21 | +75.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Hermosa Beach in April 2024, up by 75.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Hermosa Beach, CA
How long does it take to sell a home in Hermosa Beach, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 35 Days | +39.7% |
Summary: Homes in Hermosa Beach had an average of 35 days on market in Apr 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Hermosa Beach; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.