Is N. Redondo Beach / Villas South, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, N. Redondo Beach / Villas South has remained a Seller's Market.
Housing Prices in N. Redondo Beach / Villas South, CA
How much do homes in N. Redondo Beach / Villas South, CA cost?
Median Sold Price
$1,386,000
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in N. Redondo Beach / Villas South was $1,386,000 in May 2024, down 2% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124K | $1.0M | +717.2% |
2 Bedrooms | $927K | $843.7K | -9.0% |
3 Bedrooms | $1.2M | $1.2M | +2.6% |
4 Bedrooms | $1.5M | $1.6M | +2.6% |
5+ Bedrooms | $2.4M | $2.4M | +2.0% |
Summary: N. Redondo Beach / Villas South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 717.2%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
N Redondo Beach / Villas North | $1.2M | $1.4M | +10.7% |
N. Redondo Beach / Golden Hills | $1.5M | $1.5M | +1.3% |
N. Redondo Beach / Villas South | $1.4M | $1.3M | -2.0% |
N. Redondo Beach / El Nido | $1.3M | $1.2M | -7.1% |
Manhattan Beach Mira Costa | $2.3M | $1.9M | -15.2% |
Housing Supply in N. Redondo Beach / Villas South, CA
How many homes are available in N. Redondo Beach / Villas South, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Summary: The N. Redondo Beach / Villas South real estate market had 24 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The N. Redondo Beach / Villas South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in N. Redondo Beach / Villas South in May 2024, the same as the previous month. Of the 7 sold homes, 0% were sold under asking, 29% were sold at asking, and 71% were sold over asking.
Days on Market for N. Redondo Beach / Villas South, CA
How long does it take to sell a home in N. Redondo Beach / Villas South, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 5 Days | -82.8% |
Summary: Homes in N. Redondo Beach / Villas South had an average of 5 days on market in May 2024, down by 82.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in N. Redondo Beach / Villas South; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.