Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 48 Active listings and 28 homes are in Escrow. There were 10 closed sales in February and 2 of them were under 1 million. Hermosa has about 3.5 months of inventory. The average sold price in Hermosa Beach in February has decreased from last month to $1,340,000. The homes sold this month at an average sq/ft price of $1029. Buyers were able to negotiate a 2% discount off the listing price. The highest-priced home sold on 4th on Manhattan Ave. for $1,725,000. The median sales price for Hermosa Beach, CA 90254 is $1,543,000.

Slight Seller’s Advantage- The market has been cooling over time and prices have plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

The Hermosa Beach Market

We are very excited to share with you such great information about Hermosa Beach Properties current market overview. The data above allows you to analyze the information so buyers and sellers can make sound real estate decisions.