$7,400,000
Studio
William Joseph, Listing Office: Joseph Group
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 November 2023
Since last year, Hermosa Beach Sand has remained a Buyer's Market.
Key Takeaway
Hermosa Beach Sand is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hermosa Beach Sand, CA
How much do homes in Hermosa Beach Sand, CA cost?
Median Sold Price
$2,725,000
$1,553/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$100,000(-3.5%)
Key Takeaway
Homes in Hermosa Beach Sand have sold for 3.5% less than they did a year ago.
Summary: The median home sold price in Hermosa Beach Sand was $2,725,000 in November 2024, down 3.5% from last year, and the median price per square foot was $1,553.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $947.5K | $1.2M | +31.9% |
| 2 Bedrooms | $1.8M | $1.7M | -5.0% |
| 3 Bedrooms | $2.4M | $2.5M | +3.5% |
| 4 Bedrooms | $4.2M | $3.3M | -21.4% |
| 5+ Bedrooms | $5.6M | $5.8M | +3.6% |
Summary: Hermosa Beach Sand housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Neighborhoods
| S. Redondo Beach W. of Pacific Coast Highway | $1.4M | $1.7M | +16.1% |
| South Bay | $1.1M | $1.2M | +8.1% |
| Manhattan Beach Sand | $4.3M | $4.2M | -1.0% |
| Hermosa Beach Sand | $2.8M | $2.7M | -3.5% |
Housing Supply in Hermosa Beach Sand, CA
How many homes are available in Hermosa Beach Sand, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Hermosa Beach Sand real estate market had 28 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Hermosa Beach Sand housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hermosa Beach Sand, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hermosa Beach Sand in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 71 Days | +33.7% |
Summary: Homes in Hermosa Beach Sand had an average of 71 days on market in Nov 2024, up by 33.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was 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 November 2024, 3 homes were sold in Hermosa Beach Sand; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.