Redondo Beach, CA 90277 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary indicator, median sold price 1,634,500, represents realized market value and, combined with long median days on market (median days on market 310), suggests slower sales velocity and that sellers should calibrate expectations to recent transactions.
2. Despite higher asking points, median listing price 2,475,000, the spread between asking and realized prices appears to indicate pricing friction, so sellers will benefit from strategic pricing and stronger listing presentation to avoid extended market exposure.
3. Market-level signals show prices are down year-over-year while rent is up, and the median market rent 3,795 remains robust, indicating rental demand may partially offset softer sales values for investment-minded owners.
4. Financing and broader market context are a headwind: elevated interest rate pressure and Current 30-year fixed mortgage rates in Redondo Beach are averaging 6.47%, which, together with a neutral market temperature, may constrain buyer affordability and result in moderate transaction volume and relatively constrained active supply.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.