Redondo Beach 90278 Housing Market Update — June 2026

If you have been watching the Redondo Beach market and waiting for a slowdown, June 2026 is telling a very different story. The numbers in ZIP code 90278 point to a neighborhood where demand is outrunning supply, and the data backs that up at every turn.

Prices Are Climbing Past List Price

The headline figure this month is a median sale price of $1,600,000, but what I find even more telling is where that lands relative to what sellers are asking. Homes are listing at a median of $1,475,000 and closing above that mark, which signals that buyers are competing, not negotiating downward. At $927.52 per square foot, 90278 is commanding a genuine premium, and in my experience working with clients in this area, that reflects how fiercely people want to live here.

Homes Are Moving Fast on Lean Inventory

With a median of just 24 days on market, properties in this ZIP code are not sitting around waiting for interest. The active inventory stands at 145 homes, which is a relatively tight selection for a community this desirable. That combination of limited supply and quick absorption is a big part of why this market carries a temperature score of 79, which I would describe as running genuinely hot. My clients on the buying side are feeling that heat firsthand every time a well-priced listing comes up.

Mortgage Rates and the Rent Picture

The 30-year fixed mortgage rate is holding at 6.5% this month. That is not the sub-4% world of a few years ago, but buyers are clearly adapting and still showing up in force. For anyone weighing the rent-versus-buy question, the median rent in the area sits at $4,000 per month. Building equity in a market appreciating at this pace starts to look pretty compelling when you run those numbers side by side.

What This Means For You

If you are a buyer, being pre-approved and ready to move quickly is not optional in this market, it is the price of admission. If you are a seller, conditions right now are about as favorable as they get, with homes regularly closing above asking and demand showing no meaningful signs of cooling.

I would love to help you navigate this market, whether you are buying your first home in Redondo Beach or thinking about what your property is worth today. Reach out to me, Ian Oh at Compass, and let's talk strategy.