Redondo Beach, California Housing Market

What stands out in Redondo Beach?

• The median asking price is $1,476,160: one of the priciest of 765 tracked cities. Entry costs are high, so cash flow is harder. Price growth has to do more of the work.
• The median household earns $143,799 a year: among the highest incomes of 765 tracked cities. Tenants can carry higher rents.

How deep is Redondo Beach's renter pool?

47% of occupied homes in Redondo Beach's ZIP codes are rented, more than in 81% of the cities we track. HUD's county-wide fair market rent for 2 bedrooms is $2,601 a month, including utilities. A deep renter pool shortens vacancy. It also means you compete with other landlords on condition and price.

Who will rent from you in Redondo Beach?

In Redondo Beach, 47 out of every 100 households rent. That is nearly half. The renter share is shrinking. Five years ago it was 48 in 100. Renter households average 2.1 people. Singles and couples rent here. Two bedrooms beat four.

Households grew 2% in five years. The housing stock grew 3%. The two are moving in step. 8.2% of homes sit empty. That is normal for a healthy market.

The median Redondo Beach household earns $143,799 a year. Incomes here have grown 5.2% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 10.3 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. At 30% of income, a tenant on the median income can pay about $3,595 a month.

To see what one Redondo Beach address would rent for and cash flow, run it through the app.

What is the fair market rent in Redondo Beach?

HUD sets one fair market rent for Los Angeles County. For fiscal year 2026:

• 1 bedroom: $2,085 a month. Up 0% on last year, up 81% since FY2016.
• 2 bedrooms: $2,601 a month. Down 1% on last year, up 75% since FY2016.
• 3 bedrooms: $3,298 a month. Down 1% on last year, up 64% since FY2016.
• 4 bedrooms: $3,672 a month. Down 1% on last year, up 65% since FY2016.

The figures include tenant-paid utilities and apply to all of Los Angeles County, so one home's rent can sit well above or below them. See fair market rent by city.

How does Redondo Beach compare with other California markets?

Ranked among the 141 California markets we track:

• Asking price: 16th priciest of 141. Redondo Beach is at $1,476,160. Closest: Laguna Niguel and Santa Clara.
• Buyer competition: 58th least competitive of 138. Redondo Beach is at 0.39 buyers per home. Closest: Pomona and San Jose.
• Time on market: 22nd longest time on market of 141. Redondo Beach is at a median of 62 days on market. Closest: Victorville and Lake Forest.
• Price cuts: 33rd most price cuts of 141. Redondo Beach is at 23% of sellers cutting. Closest: Fairfield and Vacaville.

Is now a good time to buy in Redondo Beach?

The median asking price is 20.3% below its Jun 2024 peak. Per square foot the gap is smaller: 8.1% below the Feb 2026 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Redondo Beach prices have risen in 86 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

What numbers should you underwrite a Redondo Beach deal with?

• Price growth to assume — +3.1%/yr. Redondo Beach has grown about 3.1% a year for five years and for ten. That pace held before and after the 2020–2021 boom, so it is a fair long-run input. Prices fell 1.0% over the last year. Use it for timing. The five-year rate is the better guide.
• Comp on price per square foot — $847/sqft. The typical Redondo Beach listing shrank from 1,990 to 1,700 sqft since Jul 2016. So median price hides real growth: 55% per sqft versus 40% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — -9%. Homes for sale in Redondo Beach are down 9% on last year, so your resale faces less competition than today's comps did.

Read whether a market fits Section 8 tenants and how we read these numbers, then run the numbers on a deal.

What is the median home price in Redondo Beach?

The median asking price in Redondo Beach is about $1,476,000 as of Sep 2026, down 6.2% from a year ago. The typical listing is 2% smaller than a year ago, and asking price per square foot is down 1.0%. So the size of homes on the market explains much of the drop. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Redondo Beach figures cover the 2 ZIP codes with a Redondo Beach mailing address, which can reach past city limits.

Is Redondo Beach a buyer's or seller's market in 2026?

Neither side has the upper hand in Redondo Beach right now. We compare Redondo Beach with 2017–2019 at this time of year: the typical listing has been up 79% more days; there are 39 pending sales per 100 listings, against 51 then; there are 3% fewer homes for sale.

Are Redondo Beach home prices going up or down?

The median asking price is 20.3% below its Jun 2024 peak. Per square foot the gap is smaller: 8.1% below the Feb 2026 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What is the best month to buy a house in Redondo Beach?

Across 9 full years, Redondo Beach asking prices ran lowest in January, about 3.9% below the year's average. They peaked in May. The most homes for sale show up in September, about 20% above the yearly average.

What is the fair market rent in Redondo Beach?

HUD's fiscal year 2026 fair market rent for Los Angeles County is $2,601 a month for 2 bedrooms and $3,298 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.