2023 Home Sales and Home Prices in Redondo Beach
Historically it was a somewhat slower year for home sales in Redondo Beach with a total of 565 homes selling during the year. The lower number of sales was not due to a lack of demand, but a lack of inventory as there were fewer listings than in years past.
That said the prices homes sold for were very impressive and the number of homes sold still made for a strong year for Redondo Beach real estate.
The numbers for North Redondo Beach 90278
- Number of homes sold: 289
- Average asking price: $1,434,346
- Average sold price: $1,435,968
- Median asking price: $1,350,000
- Median sold price: $1,365,000
- Average price per sq foot: $816
- Averge days on market: 42
- Median days on market: 14
The numbers for South Redondo Beach 90277
- Number of homes sold: 219
- Average asking price: $1,543,323
- Average sold price: $1,542,338
- Median asking price: $1,395,000
- Median sold price: $1,400,000
- Average price per sq foot: $924
- Averge days on market: 32
- Median days on market: 13
The highest priced home sale in south Redondo (not including the Hollywood Riviera that saw the oceanfront home at 417 Paseo De La Playa sell for $17,500,000) was another oceanfront home at 709 Esplanade that sold for $10,825,000 in August…..which happens to be back for sale just months later at $11,900,000. See the active listing for 709 Esplanade Redondo Beach, CA.
The highest priced home that sold in north Redondo was a new construction single family home at 2403 Ralston Lane, Redondo Beach, CA 90278 that sold for $3,950,000 back in September.
the equivalent homes in North Redondo…..why? The primary reason is location as South Redondo extends all the way to the beach along the Esplanade, whereas homes in North Redondo are a car ride or longer walk/bike ride from the beach. Take a look below at the most recent real estate trends and statistics for only the 90277 zip in South Redondo Beach.
