$10,000 Closing Credit*
$1,595,000
1,638 SqFt
3 Beds
•3 Full Baths
Aaron Klapper, Listing Office: eXp Realty of California, Inc.
Is S. Redondo Beach N. of Torrance Blvd., CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, S. Redondo Beach N. of Torrance Blvd. has remained a Seller's Market.
Key Takeaway
S. Redondo Beach N. of Torrance Blvd. is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in S. Redondo Beach N. of Torrance Blvd., CA
How much do homes in S. Redondo Beach N. of Torrance Blvd., CA cost?
Median Sold Price
$1,580,000
$784/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$60,250(+4.0%)
Key Takeaway
Homes in S. Redondo Beach N. of Torrance Blvd. have sold for 4% more than they did a year ago.
Summary: The median home sold price in S. Redondo Beach N. of Torrance Blvd. was $1,580,000 in September 2024, up 4% from last year, and the median price per square foot was $784.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $866K | - | N/A |
| 2 Bedrooms | $1.2M | $989K | -17.6% |
| 3 Bedrooms | $1.4M | $1.5M | +7.6% |
| 4 Bedrooms | $1.7M | $1.7M | -2.0% |
| 5+ Bedrooms | $2.7M | $1.9M | -26.5% |
Summary: S. Redondo Beach N. of Torrance Blvd. housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 26.5%.
Median Sold Price Compared To Nearby Neighborhoods
| West Torrance | $1.2M | $1.4M | +11.8% |
| South Bay | $1.1M | $1.2M | +7.9% |
| N. Redondo Beach / Golden Hills | $1.4M | $1.5M | +7.6% |
| S. Redondo Beach N. of Torrance Blvd. | $1.5M | $1.5M | +4.0% |
| Hermosa Beach East | $1.9M | $1.9M | -1.8% |
Housing Supply in S. Redondo Beach N. of Torrance Blvd., CA
How many homes are available in S. Redondo Beach N. of Torrance Blvd., CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The S. Redondo Beach N. of Torrance Blvd. real estate market had 24 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The S. Redondo Beach N. of Torrance Blvd. housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in S. Redondo Beach N. of Torrance Blvd., you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in S. Redondo Beach N. of Torrance Blvd. in September 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for S. Redondo Beach N. of Torrance Blvd., CA
How long does it take to sell a home in S. Redondo Beach N. of Torrance Blvd., CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 28 Days | 34 Days | +22.9% |
Summary: Homes in S. Redondo Beach N. of Torrance Blvd. had an average of 34 days on market in Sep 2024, up by 22.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in S. Redondo Beach N. of Torrance Blvd. are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 5 homes were sold in S. Redondo Beach N. of Torrance Blvd.; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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.