Is Hermosa Beach Sand, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hermosa Beach Sand has remained a Seller's Market.
Key Takeaway
Hermosa Beach Sand is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hermosa Beach Sand, CA
How much do homes in Hermosa Beach Sand, CA cost?
Median Sold Price
$3,062,500
$1,480/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hermosa Beach Sand have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Hermosa Beach Sand was $3,062,500 in March 2024, up 19.6% from last year, and the median price per square foot was $1,480.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | $1.0M | -10.3% |
| 2 Bedrooms | $1.6M | $2.0M | +21.5% |
| 3 Bedrooms | $2.5M | $2.4M | -4.7% |
| 4 Bedrooms | $4.2M | $4.1M | -2.4% |
| 5+ Bedrooms | $4.4M | $5.7M | +28.4% |
Summary: Hermosa Beach Sand housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 21.5%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Hermosa Beach Sand | $2.5M | $3.0M | +19.6% |
| Manhattan Beach Sand | $3.8M | $4.4M | +15.2% |
| South Bay | $1.2M | $1.2M | +2.0% |
| Hermosa Beach Valley | $2.0M | $1.9M | -5.9% |
Housing Supply in Hermosa Beach Sand, CA
How many homes are available in Hermosa Beach Sand, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The Hermosa Beach Sand real estate market had 32 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Hermosa Beach Sand housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hermosa Beach Sand, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Hermosa Beach Sand in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Hermosa Beach Sand, CA
How long does it take to sell a home in Hermosa Beach Sand, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +9.8% |
Summary: Homes in Hermosa Beach Sand had an average of 18 days on market in Mar 2024, up by 9.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hermosa Beach Sand are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Hermosa Beach Sand; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.