Welcome to the Redondo Beach real estate market recap for March 2025.
It was an impressive month for both home sales and home prices in Redondo Beach.
There were 58 homes that closed escrow in March compared with 42 in February and 38 in January.
The average asking price was $1,735,066 with the average sold price at $1,738,197 which was just slightly lower than February’s average of $1,742,558 and $1,785,447 average home price in January..
The similar list/sale price indicates that most homes sold very close to full price indicating we’re still in a “seller’s market” in Redondo Beach.
The average price per square foot for March home sales was $949 and homes averaged 50 days on the market (DOM) before going into escrow.
Of the homes that sold 29 were in north Redondo Beach in the 90278 zip, 21 were in south Redondo Beach or 90277 and the rest were home sales in the Hollywood Riviera with a Redondo Beach 90277 mailing address but the homes are actually in the city of Torrance.