Redondo Beach, California Housing Market

How much can you negotiate in Redondo Beach?

Only 42 out of every 100 homes for sale have found a buyer. The other 58 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.

A typical Redondo Beach home takes 46 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 139 homes for sale in Redondo Beach. That is 7.0 times the tightest month on record, but below the peak of 154. Supply is growing against last year.

What to do about it

• Search Redondo Beach homes listed 60+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

Is now a good time to buy in Redondo Beach?

Asking prices are 18.0% below their Jun 2024 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Redondo Beach prices have risen in 86 of the last 108 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

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 10.9 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. A tenant on the median income can pay about $3,595 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.

That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.

What numbers should you underwrite a Redondo Beach deal with?

• Price growth to assume — +4.2%/yr. Redondo Beach has grown about 4.2% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices fell 1.6% over the last year. That is a timing signal, not a trend.
• Months of carrying cost — 2. A typical home takes 46 days to sell. Budget that long when you exit or refinance.
• Odds you cut your price to sell — 1 in 7. About 14% of homes on the Redondo Beach market right now have already cut their asking price. Assume you are one of them when you sell. Do not underwrite an exit at your asking price.
• Comp on this, not median price — $859/sqft. The typical Redondo Beach listing shrank from 1,993 to 1,790 sqft since Jul 2016. So median price hides real growth: 58% per sqft versus 40% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +4%. That is how much the number of homes for sale grew in a year. Your resale will face a bigger crowd than today's comps did.
• Price-to-income ratio — 10.9×. A typical home costs 10.9 times the median income. Most locals cannot buy. That keeps rental demand deep. It also caps the rent they can pay. Incomes are rising faster than home prices. Affordability is improving.
• Tenant rent ceiling — $3,595/mo. 30% of the median household income of $143,799. Rents above this line shrink your tenant pool fast.

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

Yes, if you negotiate. Buyers have the upper hand in Redondo Beach right now. 42 out of every 100 homes for sale have a buyer, 14% of sellers have cut their price, and a typical home takes 46 days to sell.

Are Redondo Beach home prices going up or down?

Asking prices are 18.0% below their Jun 2024 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Redondo Beach?

Assume +4.2% a year. Redondo Beach has grown about 4.2% a year for five years and for ten. That is a durable trend, not a boom artifact. It is a fair long-run input. Prices fell 1.6% over the last year. That is a timing signal, not a trend.

How fast are homes selling in Redondo Beach?

A typical Redondo Beach home takes 46 days to find a buyer. Half of them take even longer. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.

Is Redondo Beach a renters' market or an owners' market?

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. 8.2% of homes sit empty. That is normal for a healthy market.

What rent can Redondo Beach tenants afford?

A tenant on the median income can pay about $3,595 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Redondo Beach household earns $143,799 a year.