Is Redondo Beach, 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, 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
$1,450,000
$819/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Redondo Beach was $1,450,000 in April 2024, up 2.8% from last year, and the median price per square foot was $819.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $665K | $768K | +15.5% |
2 Bedrooms | $1.0M | $1.0M | -4.9% |
3 Bedrooms | $1.3M | $1.4M | +4.6% |
4 Bedrooms | $1.6M | $1.7M | 0.3% |
5+ Bedrooms | $2.5M | $2.6M | +5.0% |
Summary: Redondo Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
Hermosa Beach | $2.1M | $2.2M | +7.0% |
Redondo Beach | $1.4M | $1.4M | +2.8% |
South Bay Cities | $1.7M | $1.7M | -2.1% |
Torrance | $1.0M | $1.0M | -6.4% |
Manhattan Beach | $3.1M | $2.7M | -11.6% |
Housing Supply in Redondo Beach, CA
How many homes are available in Redondo Beach, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
162 | 177 | +9.3% |
Summary: The Redondo Beach real estate market had 177 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 10 | 0.0% |
2 Bedrooms | 29 | 29 | 0.0% |
3 Bedrooms | 53 | 62 | +17.0% |
4 Bedrooms | 54 | 58 | +7.4% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Redondo Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 62 | +129.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 62 homes were sold or pending in Redondo Beach in April 2024, up by 129.6% month-over-month. Of the 62 sold homes, 44% were sold under asking, 15% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 24 Days | -37.1% |
Summary: Homes in Redondo Beach had an average of 24 days on market in Apr 2024, down by 37.1% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 62 homes were sold in Redondo Beach; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.