$10,000 Closing Credit*
$2,199,000
4,549 SqFt
8 Beds
•4 Baths
Gianluca Jacoli, Listing Office: Shield CRE, Inc.
Is S. Redondo Beach W. of Pacific Coast Highway, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, S. Redondo Beach W. of Pacific Coast Highway was a Neutral Market.
Key Takeaway
S. Redondo Beach W. of Pacific Coast Highway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in S. Redondo Beach W. of Pacific Coast Highway, CA
How much do homes in S. Redondo Beach W. of Pacific Coast Highway, CA cost?
Median Sold Price
$1,700,000
$978/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$236,000(+16.1%)
Key Takeaway
Homes in S. Redondo Beach W. of Pacific Coast Highway have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in S. Redondo Beach W. of Pacific Coast Highway was $1,700,000 in November 2024, up 16.1% from last year, and the median price per square foot was $978.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $806K | $875K | +8.6% |
| 2 Bedrooms | $1.2M | $1.4M | +14.2% |
| 3 Bedrooms | $1.6M | $1.5M | -5.0% |
| 4 Bedrooms | $1.7M | $1.9M | +10.2% |
| 5+ Bedrooms | $2.4M | $3.1M | +27.5% |
Summary: S. Redondo Beach W. of Pacific Coast Highway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 27.5%.
Median Sold Price Compared To Nearby Neighborhoods
| S. Redondo Beach S. of Torrance Blvd. | $1.0M | $1.3M | +35.8% |
| S. Redondo Beach W. of Pacific Coast Highway | $1.4M | $1.7M | +16.1% |
| South Bay | $1.1M | $1.2M | +8.1% |
| S. Redondo Beach N. of Torrance Blvd. | $1.5M | $1.5M | +6.0% |
Housing Supply in S. Redondo Beach W. of Pacific Coast Highway, CA
How many homes are available in S. Redondo Beach W. of Pacific Coast Highway, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The S. Redondo Beach W. of Pacific Coast Highway real estate market had 22 homes for sale in November 2024, a 15.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The S. Redondo Beach W. of Pacific Coast Highway 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 remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in S. Redondo Beach W. of Pacific Coast Highway, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in S. Redondo Beach W. of Pacific Coast Highway in November 2024, down by 57.1% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for S. Redondo Beach W. of Pacific Coast Highway, CA
How long does it take to sell a home in S. Redondo Beach W. of Pacific Coast Highway, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 43 Days | 45 Days | +5.0% |
Summary: Homes in S. Redondo Beach W. of Pacific Coast Highway had an average of 45 days on market in Nov 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
2 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 W. of Pacific Coast Highway are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in S. Redondo Beach W. of Pacific Coast Highway; 67% of homes were sold within 30 days, 0% 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.