Redondo Beach, CA Real Estate Market

Conditions in 90277 are strongly in your favor, with homes closing at a median of $360,900 above the median list price and spending only 13 days on market. With just 140 active listings and a market temperature of 88 out of 100, well-priced homes are attracting aggressive offers quickly.

Be prepared to move fast and offer above list price, as the median sale price of $1,999,900 significantly exceeds the median list price of $1,639,000 in this highly competitive market. With only 140 active listings available, your options are limited, so having financing fully secured before touring homes is essential.

The median rent of $3,850 against a median sale price of $1,999,900 produces a gross yield of roughly 2.3 percent, which is slim for cash flow but typical of high-appreciation coastal markets. The rental inventory of 210 units is notably larger than the 140 for-sale listings, suggesting rental demand is active, with 3-bedroom rents reaching $5,795 per month offering the strongest income potential relative to price.

The current 30-year fixed mortgage rate of 6.3 percent on a $1,999,900 purchase with 20 percent down translates to a principal and interest payment exceeding $9,900 per month, a significant carrying cost to factor into your budget. Buyers who can qualify for the 15-year fixed at 5.64 percent will pay considerably less interest over the life of the loan, though the higher monthly payments require strong income to support.