Is Hermosa Beach, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$2,220,000
$1,234/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hermosa Beach was $2,220,000 in June 2024, up 2% from last year, and the median price per square foot was $1,234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $720K | $750K | +4.2% |
2 Bedrooms | $1.3M | $1.4M | +6.9% |
3 Bedrooms | $2.1M | $2.1M | -3.4% |
4 Bedrooms | $3.0M | $2.8M | -3.7% |
5+ Bedrooms | $4.3M | $4.9M | +13.7% |
Summary: Hermosa Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Redondo Beach | $1.4M | $1.4M | +4.3% |
South Bay Cities | $1.7M | $1.7M | +2.6% |
Hermosa Beach | $2.1M | $2.2M | +2.0% |
Manhattan Beach | $3.0M | $2.8M | -6.1% |
Housing Supply in Hermosa Beach, CA
How many homes are available in Hermosa Beach, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
52 | 53 | +1.9% |
Summary: The Hermosa Beach real estate market had 53 homes for sale in June 2024, a 1.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Hermosa Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Hermosa Beach in June 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
38 Days | 14 Days | -62.0% |
Summary: Homes in Hermosa Beach had an average of 14 days on market in Jun 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 10 homes were sold in Hermosa Beach; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.