Redondo Beach, CA Real Estate Market

Sellers are listing single-family homes at a median of $2,250,000 in a market that registers 65 out of 100 on the temperature scale, indicating favorable but not overheated conditions. At 39 median days on market, homes are moving at a moderate pace, so competitive pricing and presentation remain important.

Buyers in 90277 are looking at a median asking price of $2,250,000 for single-family homes, with prices ranging from $750,000 for a 1-bedroom up to $2,800,000 for a 6-bedroom, offering some flexibility depending on bedroom needs. With 144 active listings and a 39-day median time on market, buyers have a reasonable window to evaluate options without extreme urgency.

The median asking rent in Redondo Beach is $3,695 per month, with 3-bedroom rentals listed at $5,995 and 4-bedrooms at $7,000, pointing to strong rental demand across unit sizes. With 176 rental units currently available and purchase prices starting at $750,000 for a 1-bedroom, investors should carefully model acquisition costs against rental income potential at current asking levels.

The 30-year fixed mortgage rate currently stands at 6.66%, while the 15-year fixed rate is at 5.98%, meaningfully affecting monthly carrying costs on high-value assets like those in this market. Buyers financing a home near the $2,250,000 median asking price should work closely with a lender to understand how these rates shape long-term affordability and payment structure.