$10,000 Closing Credit*
$1,999,000
2,268 SqFt
5 Beds
•3 Full Baths
Christiana Lane, Listing Office: Vista Sotheby’s International Realty
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 September 2023
Since last year, S. Redondo Beach W. of Pacific Coast Highway has remained a Buyer's 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
$1,570,000
$912/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$170,000(+12.1%)
Key Takeaway
Homes in S. Redondo Beach W. of Pacific Coast Highway have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in S. Redondo Beach W. of Pacific Coast Highway was $1,570,000 in September 2024, up 12.1% from last year, and the median price per square foot was $912.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $780K | $862K | +10.5% |
| 2 Bedrooms | $1.2M | $1.3M | +9.4% |
| 3 Bedrooms | $1.6M | $1.5M | -8.5% |
| 4 Bedrooms | $1.9M | $1.8M | -9.3% |
| 5+ Bedrooms | $2.4M | $3.1M | +24.7% |
Summary: S. Redondo Beach W. of Pacific Coast Highway housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 24.7%.
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 | $1.5M | +12.1% |
| South Bay | $1.1M | $1.2M | +7.9% |
| S. Redondo Beach N. of Torrance Blvd. | $1.5M | $1.5M | +4.0% |
| Hermosa Beach Valley | $2.0M | $1.9M | -3.8% |
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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 25 | 29 | +16.0% |
Summary: The S. Redondo Beach W. of Pacific Coast Highway real estate market had 29 homes for sale in September 2024, a 16.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The S. Redondo Beach W. of Pacific Coast Highway 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 increased by 16.7%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in S. Redondo Beach W. of Pacific Coast Highway, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in S. Redondo Beach W. of Pacific Coast Highway in September 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 14 Days | 57 Days | +307.1% |
Summary: Homes in S. Redondo Beach W. of Pacific Coast Highway had an average of 57 days on market in Sep 2024, up by 307.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in S. Redondo Beach W. of Pacific Coast Highway has remained consistent over time.
Summary: During September 2024, 3 homes were sold in S. Redondo Beach W. of Pacific Coast Highway; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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.