It was a big month for home sales in Hermosa Beach with 21 closed sales during April 2021. By comparison there were only 12 in March and the low teens has been the norm for the past 6 months or so. According to Hermosa Beach realtor Keith Kyle, the 21 sales in April were the highest since December of 2021 in which the market saw 22 sales. See the chart below to see each months active listings, pending sales and closed escrows in Hermosa Beach. Check out other trends and statistics on our Hermosa Beach real estate market page.
April 2024 was a Seller’s market*
Home For Sale in April 2024: 30 units.
| • | Up 20% compared to last month |
| • | Down 23.1% compared to last year |
Home Closed in April 2024: 21 units.
| • | Up 75% compared to last month |
| • | Up 50% compared to last year |
Home Placed under Contract in April 2024: 14 units.
| • | Down 22.2% compared to last month |
| • | Down 12.5% compared to last year |
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales