Is N Redondo Beach / Villas North, 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, N Redondo Beach / Villas North has remained a Seller's Market.
Housing Prices in N Redondo Beach / Villas North, CA
How much do homes in N Redondo Beach / Villas North, CA cost?
Median Sold Price
$1,400,000
$781/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in N Redondo Beach / Villas North was $1,400,000 in April 2024, up 2.2% from last year, and the median price per square foot was $781.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $545K | $599.5K | +10.0% |
2 Bedrooms | $989K | $897K | -9.3% |
3 Bedrooms | $1.2M | $1.3M | +8.8% |
4 Bedrooms | $1.6M | $1.6M | -0.4% |
5+ Bedrooms | $2.2M | $2.3M | +6.7% |
Summary: N Redondo Beach / Villas North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Neighborhoods
South Bay | $1.2M | $1.2M | +4.1% |
N Redondo Beach / Villas North | $1.3M | $1.4M | +2.2% |
N. Redondo Beach / Villas South | $1.4M | $1.3M | -1.1% |
Manhattan Beach Mira Costa | $2.2M | $1.9M | -15.0% |
Housing Supply in N Redondo Beach / Villas North, CA
How many homes are available in N Redondo Beach / Villas North, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Summary: The N Redondo Beach / Villas North real estate market had 29 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The N Redondo Beach / Villas North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in N Redondo Beach / Villas North in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for N Redondo Beach / Villas North, CA
How long does it take to sell a home in N Redondo Beach / Villas North, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 22 Days | +24.1% |
Summary: Homes in N Redondo Beach / Villas North had an average of 22 days on market in Apr 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in N Redondo Beach / Villas North; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.