If you're a homeowner in Redondo Beach, understanding your property's current market value is crucial, whether you're considering selling, refinancing, or simply staying informed. As of May 2025, the Redondo Beach housing market remains robust, with home values experiencing steady growth. Here's an in-depth look at the latest trends and what they mean for your home's worth.
Current Home Values in Redondo Beach
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Median Home Sale Price: $1,717,500 (April 2025), reflecting a 5.4% increase year-over-year.
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Median Price per Square Foot: $788, a decrease of 5.9% from the previous year.
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Average Days on Market: 36 days, indicating a competitive market.
These figures suggest that while home prices are on the rise, properties are taking slightly longer to sell, offering a more balanced market for buyers and sellers alike.
Neighborhood Breakdown: North vs. South Redondo
Redondo Beach is divided into two distinct areas, each with its own market dynamics:
North Redondo (90278)
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Median Sale Price: $1,555,500, up 9.5% year-over-year.
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Average Days on Market: 37 days.
North Redondo offers a mix of single-family homes and townhouses, appealing to families and professionals seeking proximity to freeways and tech hubs.
South Redondo (90277)
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Median Sale Price: $1,790,500, up 12.6% year-over-year.
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Average Days on Market: 35 days. redfin.com+1redfin.com+1
South Redondo is known for its coastal charm, with properties closer to the beach and amenities like the pier and Riviera Village.
Factors Influencing Home Values
Several elements contribute to the current home values in Redondo Beach:
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Location: Proximity to the beach, schools, and commercial centers can significantly impact property values.
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Property Condition: Updated homes with modern amenities tend to fetch higher prices.
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Market Demand: A steady influx of buyers keeps the market competitive, sustaining property values.
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Interest Rates: Mortgage rates between 6.0% and 6.8% influence buyer affordability and demand.
Is Now a Good Time to Sell?
With home values appreciating and a balanced market, now could be an opportune time to sell:
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High Demand: Properties are receiving multiple offers, often selling at or above list price.
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Limited Inventory: A shortage of available homes keeps competition strong.
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Favorable Pricing: Sellers can capitalize on the upward trend in home values.
However, it's essential to price your home correctly and ensure it's market-ready to attract serious buyers.
How to Determine Your Home's Value
To accurately assess your home's worth:
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Comparative Market Analysis (CMA): Review recent sales of similar properties in your neighborhood.
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Professional Appraisal: Hire a certified appraiser for an objective valuation.
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Consult a Real Estate Agent: Leverage local expertise to understand market nuances and pricing strategies.
Remember, online estimates provide a general idea but may not account for unique features or recent upgrades.
Need a Personalized Home Valuation?
If you're curious about your home's current market value or considering selling, Dennis Hartley is here to help. With over 35 years of experience in the South Bay real estate market, I provide accurate valuations and strategic guidance tailored to your needs.
Online estimates can only go so far. For a truly accurate valuation, reach out to me directly. I’ll leverage my deep knowledge of Redondo Beach’s neighborhoods, recent sales, and evolving market trends to give you a clear, confident picture of what your home is worth today.
Dennis Hartley is here to help — call, text, or email me anytime:
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Phone: (310) 871-4429
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Email: [email protected]
