South Bay real estate picked up steam in 2nd quarter '24, with increased home sales and rising home prices. Here is the latest real estate market report for South Bay LA with the detailed analysis of two selected markets: Redondo Beach and Torrance. These two markets represent the South Bay very well. Keep in mind though, the real estate is local and prices are local. If you'd like a more precise analysis of your neighborhood, we'll be happy to provide it anytime with no obligation.
In Torrance, single family home average sales price was $1,233,871 which was 8 percent higher than a year ago. The condo and townhouse average prices was $778,615 - 14 percent increase y-o-y.
Redondo Beach average single family home price was $2,094,206 - 13 percent increase y-o-y. The sales volumes both in Torrance and Redondo Beach recorded a big increase - see below for details.
It's easy to create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA. Call us at (310)918-5027 with any questions.
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TORRANCE
Single Family Homes
| Torrance | 2nd Qtr 2024 | 2nd Qtr 2023 | Difference |
| No. of Sales | 175 | 134 | -1% |
| Average Price | $1,233,871 | $1,137,995 | +8% |
| Median Price | $1,150,000 | $1,148,000 | - |
| Days on Market | 17 | 18 | - 1 day |
Condos and Townhomes
| Torrance | 2nd Qtr 2024 | 2nd Qtr 2023 | Difference |
| No. of Sales | 87 | 470 | +24% |
| Average Price | $778,615 | $682,989 | +14% |
| Median Price | $749,000 | $662,500 | +13% |
| Days on Market | 10 | 21 | +11 days |
Torrance Market Report in Real Time
REDONDO BEACH
Single Family Homes
| Redondo Beach | 2nd Qtr 2024 | 2nd Qtr 2023 | Difference |
| No. of Sales | 63 | 64 | - |
| Average Price | $2,094,206 | $1,856,703 | +13% |
| Median Price | $1,750,000 | $1,565,000 | +12% |
| Days on Market | 20 | 24 | - 4 days |
Condos and Townhomes
| Redondo Beach | 2nd Qtr 2024 | 2nd Qtr 2023 | Difference |
| No. of Sales | 98 | 90 | +9% |
| Average Price | $1,485,053 | $1,325,000 | +6% |
| Median Price | $1,400,000 | $1,150,000 | +20% |
| Days on Market | 29 | 48 | + 1 day |
Redondo Beach Market Report in Real Time
Every market is different, sometimes a couple of blocks make a difference in valuation. Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:
