A client called me earlier this week with a question I hear constantly: "Tony, should I sell now or just wait until next year?" My answer this week was different than it would have been a few months ago, and the reason comes down to one number.
Median days on market in Redondo Beach has dropped from 44 to 30. Homes are moving faster than they were earlier this year, and in a market where timing is everything, that shift matters for sellers who are sitting on the fence.
When days on market compress, it signals that buyer demand is absorbing inventory more quickly. Right now in Redondo Beach, there are 144 active listings, and the median asking price for a single-family home sits at $2.25 million with a median asking price per square foot of $1,107. This is a warm market, not a frozen one.
Asking prices in Redondo Beach have moved up 4.8% over the past year. Compare that to neighboring Hermosa Beach, where asking prices have moved down 14.2% over the same period. That 19-point divergence tells me Redondo Beach has been holding its value in a way that the immediate neighbors have not. If you own here, that relative strength is worth paying attention to.
I always ask my clients to think about what "waiting" really means in concrete terms. The 30-year mortgage rate is currently at 6.7%. Buyers shopping your home today are already navigating that rate environment, and there is no guarantee rates improve meaningfully in the next six to twelve months.
If your home is in the 3- to 4-bedroom range, those listings are sitting at $1.55 million to $2.25 million on the asking price side. Sellers in those brackets have the most active buyer pool right now because those price points represent the core of the Redondo Beach market. The 5-bedroom median asking price is actually $1.85 million, which is below the 4-bedroom median, so bedroom count alone does not always predict value the way people expect.
One outlier worth knowing: the jump from a 5-bedroom to a 6-bedroom in this market is approximately $950,000, a 51% step up. If you own a larger home, that pricing dynamic can work significantly in your favor right now.
I am not going to tell every seller to list tomorrow. But I will say that the conditions in Redondo Beach right now are more favorable to sellers than they were a few months ago, and meaningfully better than what we are seeing in nearby cities. A shorter days-on-market figure tells me buyers are active and motivated. A 4.8% upward move in asking prices over the past year tells me sellers are not being forced to chase the market down.
If your plan was to sell sometime in the next 12 months, the case for acting sooner rather than later is stronger today than it was in the spring.
What none of these numbers can tell you is how your specific home is positioned within this market. Your street, your floor plan, your condition relative to competing listings, and your timeline all shape the right strategy in ways that aggregate data simply cannot capture. That is exactly where I come in. If you want to talk through what selling your Redondo Beach home would actually look like right now, reach out and let's have that conversation.
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