$10,000 Closing Credit*
$2,399,000
2,850 SqFt
4 Beds
•4 Full Baths, 2 Partial
Joseph Nuzzolo, Listing Office: Thompson Team Real Estate, Inc.
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 October 2023
Since last year, N. Redondo Beach / Villas South has remained a Seller's Market.
Key Takeaway
N. Redondo Beach / Villas South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in N. Redondo Beach / Villas South, CA
How much do homes in N. Redondo Beach / Villas South, CA cost?
Median Sold Price
$1,460,000
$697/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,000(+4.3%)
Key Takeaway
Homes in N. Redondo Beach / Villas South have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in N. Redondo Beach / Villas South was $1,460,000 in October 2024, up 4.3% from last year, and the median price per square foot was $697.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $537.5K | -47.0% |
| 2 Bedrooms | $927K | $949K | +2.4% |
| 3 Bedrooms | $1.3M | $1.3M | +1.0% |
| 4 Bedrooms | $1.5M | $1.6M | +3.8% |
| 5+ Bedrooms | $2.3M | $2.4M | +3.0% |
Summary: N. Redondo Beach / Villas South housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| N. Redondo Beach / Golden Hills | $1.4M | $1.6M | +9.7% |
| N Redondo Beach / Villas North | $1.2M | $1.4M | +8.5% |
| N. Redondo Beach / Villas South | $1.4M | $1.4M | +4.3% |
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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 34 | +3.0% |
Summary: The N. Redondo Beach / Villas South real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The N. Redondo Beach / Villas South housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in N. Redondo Beach / Villas South, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in N. Redondo Beach / Villas South in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 56 Days | -1.0% |
Summary: Homes in N. Redondo Beach / Villas South had an average of 56 days on market in Oct 2024, down by 1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in N. Redondo Beach / Villas South are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in N. Redondo Beach / Villas South; 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.