A client called me earlier this week and asked me point blank: "Tony, should I list now or wait until spring?" She had been watching the market nervously for months, unsure whether the moment had passed. My answer surprised her.
Sell now. Here is why.
Here is the finding that changed my thinking on 90278 recently. Median days on market in Redondo Beach dropped from 40 to 29 even as asking prices came down 12.6%. That is not a market falling apart. That is a market finding its level. Sellers who repriced got results. Buyers who had been sitting on the sidelines came back in. The market is currently running warm, with 138 active listings and a median asking price of $1.50M for single-family homes.
If you wait hoping prices recover before you list, you may be waiting through the very window when buyers are most active. Motivated buyers do not disappear when prices adjust. In many cases, they show up because of it.
This is the part most sellers in 90278 do not know. While asking prices in 90278 moved down 12.6% over the past year, asking prices in neighboring 90277 moved up 4.8%. That is a 17-point spread between two ZIP codes that share a city name. If you are pricing your home based on what you heard a neighbor in South Redondo got, you may be working from the wrong data entirely.
At $918 per square foot in 90278, Redondo Beach still sits in a strong position regionally. It ranks second out of eight comparable areas, sitting above San Pedro at $585 per square foot and well below Manhattan Beach at $1,554 per square foot. That is a meaningful value position for buyers who want to be in this coastal corridor without paying Manhattan Beach prices.
One of the most important things I walk sellers through is where their home sits on the local price ladder. In Redondo Beach right now, the gap between a two-bedroom and a three-bedroom listing is $500,000. A two-bedroom is sitting at a median asking price of $849,000. A three-bedroom jumps to $1,349,000. That is a 59% step for one additional bedroom, which is the single largest pricing gap in this market by bedroom count.
If you own a three-bedroom home and you have been hesitant to list because you feel like the market softened, that $500,000 spread is your leverage. Buyers who need the third bedroom have very limited alternatives at that price point, and they know it.
Everything above gives you the market picture. What it cannot give you is a read on your specific home. The condition of your property, how it compares to the 138 active listings already on the market, and where your home sits relative to the $918 per square foot median are all things that require a walkthrough and a real conversation.
That is where I come in. I work in this market every week, and I can tell you within a pretty tight range what your home should be asking and how long it should realistically take to find the right buyer. Reach out and let's have that conversation before the window shifts again.
Questions about 90278?
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