2018 was a big year for real estate in Hermosa Beach. Although prices are still not at Manhattan Beach levels they’re getting closer all of the time. See all of the homes that sold in 2018 or see the current homes for sale in Hermosa Beach.
- 188 total on market homes were sold
- 89 Sand section homes sold at a median price of $2,215,000 with median days on market of 23
- 46 valley section homes sold at a median price of $1,498,500 and a median days on market of 14
- 53 hill section homes sold at a median price of $1,500,000 and a median days on market of 23
See the chart below for a month to month picture of the Hermosa housing market in 2018
| Date | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| For Sale | 44 | 42 | 51 | 53 | 57 | 62 | 64 | 64 | 59 | 60 | 50 | 45 |
| New Listing | 37 | 18 | 26 | 36 | 34 | 34 | 22 | 24 | 20 | 23 | 12 | 6 |
| Sold | 6 | 16 | 18 | 18 | 20 | 18 | 20 | 18 | 12 | 18 | 14 | 10 |
| In Escrow | 21 | 12 | 16 | 27 | 22 | 17 | 14 | 16 | 15 | 14 | 14 | 9 |
| Months of Inventory (Closed Sales) | 7.3 | 2.6 | 2.8 | 2.9 | 2.9 | 3.4 | 3.2 | 3.6 | 4.9 | 3.3 | 3.6 | 4.5 |
| Months of Inventory (Pended Sales) | 2.1 | 3.5 | 3.2 | 2 | 2.6 | 3.6 | 4.6 | 4 | 3.9 | 4.3 | 3.6 | 5 |
| Absorption Rate (Closed Sales) % |
13.6 | 38.1 | 35.3 | 34 | 35.1 | 29 | 31.3 | 28.1 | 20.3 | 30 | 28 | 22.2 |
| Absorption Rate (Pended Sales) % |
47.7 | 28.6 | 31.4 | 50.9 | 38.6 | 27.4 | 21.9 | 25 | 25.4 | 23.3 | 28 | 20 |
| Avg. Active Price | $3,393,000 | $3,598,000 | $3,370,000 | $3,550,000 | $3,800,000 | $3,851,000 | $3,489,000 | $3,569,000 | $3,692,000 | $3,495,000 | $3,424,000 | $2,871,000 |
| Avg. Sold Price | $2,086,000 | $1,674,000 | $1,762,000 | $2,571,000 | $1,897,000 | $2,540,000 | $2,047,000 | $2,311,000 | $1,732,000 | $2,301,000 | $1,903,000 | $3,056,000 |
| Avg. Sq. Ft. Price (Sold) | 1044 | 1017 | 829 | 1025 | 953 | 990 | 1054 | 1115 | 914 | 1130 | 979 | 1450 |
| Sold/List Diff. % |
98 | 99 | 100 | 97 | 99 | 99 | 98 | 98 | 98 | 98 | 95 | 93 |
| Sold/Orig LP Diff. % |
90 | 95 | 98 | 96 | 97 | 97 | 97 | 98 | 98 | 93 | 91 | 87 |
| Avg Days on Market | 31 | 51 | 43 | 70 | 34 | 34 | 32 | 23 | 37 | 45 | 59 | 87 |
| Median Sold Price |
$1,343,000 | $1,473,000 | $1,728,000 | $1,745,000 | $1,687,000 | $1,863,000 | $1,742,000 | $1,975,000 | $1,715,000 | $1,550,000 | $1,625,000 | $1,906,000 |