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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Redondo Beach, CA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Redondo Beach, CA Housing Market Trends

With a population of 68,918, 28,562 total housing units (homes and apartments), and a median house value of $1,397,660, Redondo Beach house prices are not only among the most expensive in California, Redondo Beach real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Redondo Beach, accounting for 41.57% of the city's housing units. Other types of housing that are prevalent in Redondo Beach include large apartment complexes or high rise apartments ( 30.91%), duplexes, homes converted to apartments or other small apartment buildings ( 14.24%), and a few row houses and other attached homes ( 13.18%).

People in Redondo Beach primarily live in small (one, two or no bedroom) single-family detached homes. Redondo Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Redondo Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Redondo Beach built between 1940-1969 ( 40.76%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.30%). There's also some housing in Redondo Beach built before 1939 ( 5.15%).

Redondo Beach Home Appreciation Rates

Redondo Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Redondo Beach during the period has been just 4.68%, which is lower than 80% of US communities.

Over the last year, Redondo Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Redondo Beach's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Redondo Beach were at 0.15%, which equates to an annual appreciation rate of 0.59%.

Relative to California, our data show that Redondo Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Redondo Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Redondo Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Redondo Beach real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,397,660

Redondo Beach, CA Home Prices
> $1,146,000
$859,001 - $1,146,000
$573,001 - $859,000
$458,001 - $573,000
$344,001 - $458,000
$229,001 - $344,000
$115,001 - $229,000
$57,001 - $115,000
$0 - $57,000
67.3%
67.3%
20.0%
20.0%
7.7%
7.7%
1.0%
1.0%
0.3%
0.3%
0.5%
0.5%
1.8%
1.8%
0.6%
0.6%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for California

Very High

for nation

Number of Homes And Apartments:

28,562

Redondo Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,941 / per month

Homeownership Rate

Owners
Renters
51.9%
51.9%
48.1%
48.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.3%
10.3%
43.8%
43.8%
40.8%
40.8%
5.1%
5.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.6%
41.6%
13.2%
13.2%
14.2%
14.2%
30.9%
30.9%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
15.3%
15.3%
32.2%
32.2%
31.2%
31.2%
16.5%
16.5%
2.7%
2.7%
0% 100.0%
% of Homes