The housing in Redondo Beach, CA is considerably more expensive than the US House Median Value of $338,100. The median value of a house in Redondo Beach, CA is $1,322,500. In the last year there has been an 8.27% increase in home values across the US while in Redondo Beach the appreciation rate was even higher at 12.08%. This suggests that Redondo Beach is an attractive and desirable community to live in with its close proximity to beach access and excellent school districts drawing more buyers to the area.
The median home cost in Redondo Beach is $1,322,500. Home appreciation the last 10 years has been 119.9%. Home Appreciation in Redondo Beach is up 16.0%.
Average Age of Homes
- The median age of Redondo Beach real estate is 46 years old
The Rental Market in Redondo Beach
- Renters make up 45.7% of the Redondo Beach population
- 2.3% of houses and apartments in Redondo Beach, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.