Redondo Beach, CA Real Estate Market

With a median of 17 days on market and a market temperature score of 85 out of 100, conditions strongly favor sellers right now. Pricing near the median list price of $1,550,000 gives you the best chance of attracting competitive offers while leaving room for negotiation.

Buyers should be prepared to move quickly in 90278, where homes are going under contract in a median of just 17 days across only 133 active listings. The gap between the median list price of $1,550,000 and the median sale price of $1,499,999 shows that disciplined offers can still land below asking, so come in informed and ready.

The median rent in 90278 is $3,395 against a median sale price of $1,499,999, which reflects a relatively compressed yield typical of high-demand coastal markets. Investors targeting larger units may find better cash flow potential, as 4-bedroom rents reach $5,950 and 5-bedroom rents reach $9,900, while rental inventory sits at 140 units, keeping vacancy pressure low.

The current 30-year fixed mortgage rate of 6.3% meaningfully impacts monthly payments on a median-priced home of $1,499,999, making financing costs a critical part of any purchase decision in this zip code. Buyers who qualify and plan to stay long-term may want to evaluate the 15-year fixed rate of 5.64% as a way to reduce total interest paid, though the higher monthly obligation requires careful budgeting.