Is Redondo Beach, 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, Redondo Beach has remained a Seller's Market.
Housing Prices in Redondo Beach, CA
How much do homes in Redondo Beach, CA cost?
Median Sold Price
$1,431,583
$808/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Redondo Beach was $1,431,583 in March 2024, up 1.5% from last year, and the median price per square foot was $808.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $650K | $771.5K | +18.7% |
2 Bedrooms | $1.0M | $1.0M | -4.9% |
3 Bedrooms | $1.3M | $1.4M | +1.6% |
4 Bedrooms | $1.6M | $1.7M | +1.0% |
5+ Bedrooms | $2.8M | $2.4M | -11.3% |
Summary: Redondo Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
Hermosa Beach | $2.1M | $2.2M | +4.9% |
Redondo Beach | $1.4M | $1.4M | +1.5% |
South Bay Cities | $1.7M | $1.7M | -1.3% |
Torrance | $1.0M | $1.0M | -7.8% |
Manhattan Beach | $3.1M | $2.7M | -10.1% |
Housing Supply in Redondo Beach, CA
How many homes are available in Redondo Beach, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
132 | 143 | +8.3% |
Summary: The Redondo Beach real estate market had 143 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 46 | 43 | -6.5% |
4 Bedrooms | 42 | 50 | +19.0% |
5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Redondo Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Redondo Beach in March 2024, down by 12.5% month-over-month. Of the 28 sold homes, 43% were sold under asking, 7% were sold at asking, and 50% were sold over asking.
Days on Market for Redondo Beach, CA
How long does it take to sell a home in Redondo Beach, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 45 Days | -4.9% |
Summary: Homes in Redondo Beach had an average of 45 days on market in Mar 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Redondo Beach; 64% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.