Hermosa Beach Properties Current Market Overview

Hermosa Beach Properties Current Market Overview:

The Hermosa Beach real estate market has 67 Active listings and 21 homes are in Escrow. There were 13 closed sales in October and one of them was under 1 million. Hermosa has about 4.5 months of inventory. The average sold price in Hermosa Beach in October has increased from last month to $2,121,00. The homes sold this month at an average sq/ft price of $987. The highest priced home sold on 30th Street for $5,975,000.

The median sales price for Hermosa Beach, CA 90254 is $1,851,000 with the market action index hovering around 33. This is less than last month’s Market Action Index, MAI of 37. Inventory has held steady at or around 36.

Slight Seller’s Advantage- The market has been cooling over time and prices 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

Average Sales Price
$2,121,192
Per Square Foot
$987
Days on Market
47
Price Decreased
61%
Price Increased
0%
Relisted
3%
Inventory
67
Median House Rent
$6,000
Most Expensive $19,250,000
Least Expensive $639,000
Market Action Index
Slight Seller’s Advantage
33

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