South Bay Market Update - 1st Qtr 2025
South Bay Market in the 1st Qtr 2025 showed mixed resultes. It is still a seller's market due to the very low inventory, low demand, lower property sales, high interest rates - all of these factors reducing the homebuyer pool. Single family home sales are down, the prices are steady or higher when compared to a year ago. Condo and townhome sales were up as the affordability have affected house sales. See our previous monthly reports to compare numbers on the month to month basis. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices. Homeowners are hesitant to put their houses on the market and give up their low mortgage interest rates.
We have prepared real estate estate market updates for two selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach in order to better understand the local South Bay market. Below you'll find home sales data in the 1st qtr 2025 compared to the same period 12 months age, broken down by property type. Torrance single family home sales were down by 9 percent while the average sales price for single family homes was down by 1 percent. Redondo Beach home single family home sales were up by 58 percent y-o-y while the average sales price for single family homes was up by 5 percent. See below for all detailed data.
You may 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 | 1st Qtr 2025 | 1st Qtr 2024 | Difference |
| No. of Sales | 121 | 133 | -9% |
| Median Price | $1,220,000 | $1,200,000 | +2% |
| Average Price | $1,234,008 | $1,246,246 | -1% |
| Days on Market | 24 | 19 | +5 days |
Condos and Townhomes
| Torrance |
|
1st Qtr 2024 | Difference | |
| No. of Sales | 52 | 73 | -29% | |
| Median Price | $787,000 | $680,000 | +16% | |
| Average Price | $758,219 | $719,024 | +5% | |
| Days on Market | 12 | 29 | - 17 days day |
Torrance Market Report in Real Time
REDONDO BEACH
Single Family Homes
| Redondo Beach |
|
1st Qtr 2024 | Difference | |
| No. of Sales | 60 | 38 | +58% | |
| Median Price | $2,059,905 | $1,837,500 | +12% | |
| Average Price | $1,852,500 | $1,922,979 | -4% | |
| Days on Market | 35 | 35 | no change |
Condos and Townhomes
| Redondo Beach |
|
1st Qtr 2024 | Difference | |
| No. of Sales | 68 | 55 | +24% | |
| Median Price | $1,399,700 | $1,400,000 | no change | |
| Average Price | $1,473,396 | $1,433,555 | +3% | |
| Days on Market | 44 | 35 | +9 days |
Redondo Beach Market Report in Real Time
Every market is different, sometimes a couple of blocks make a difference in valuation.
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