El Segundo backyards

5 Sold Homes in El Segundo in March at an Average $1,196,000

March was another slower month for home sales in El Segundo with only 5 sold homes but that was a dramatic improvement over January and February.

The average “list” price was $1,201,600 with the average sold price for El Segundo homes that closed at $1,196,000 meaning that homes generally sold slightly below the list price. 

The average price per foot for sold homes was $896 which was a big number. Homes averaged 52 days on market before going into pending status.

See how that compares with other months on our El Segundo real estate trends and statistics page.

March 2023 El Segundo Home Sales and Prices

Type Address Price $ Per Foot Bed/Bath Sq Feet Age
TWNHS 851 Washington ST $1,030,000 $661 3/2,0,1,0 1559/A 1976/ASR
TWNHS/A 1225 Grand Ave. #D #D $1,075,000 $648 2/2,0,0,0 1660/A 2006/ASR
TWNHS/A 314 Penn ST #2 $1,130,000 $762 2/2,0,1,0 1483/A 1992/ASR
SFR/D 412 W Acacia AVE $1,145,000 $1,279 2/1,0,0,0 895/A 1952/ASR
SFR/D 736 Center St $1,600,000 $1,132 3/1,1,0,0 1414/A 1958/ASR
Pacific Landing El Segundo

How Do El Segundo Home Prices Compare to Neighboring Cities?

Take a look at how home prices in El Segundo have compared with Manhattan Beach, Redondo Beach and Hawthorne over the past few years. The chart below shows El Segundo in green, Manhattan Beach in blue, Hawthorne  in red and Redondo in grey.  Median home prices in El Segundo and Redondo are fairly similar with Manhattan Beach being significantly higher and Hawthorne quite a bit lower.

Interested in seeing what makes those numbers?  See the home sales in El Segundo, Manhattan, Redondo, Hawthorne and other South Bay cities each month.

January 2023 El Segundo market update

How Was 1/23 Compared to 1/22 in El Segundo Real Estate Market?

So how did January 2023 compare with a year earlier in terms of real estate market activity in El Segundo?

January 2023 El Segundo market update

The start of 2023 was a very slow month for the real estate market in the South Bay…..and nowhere was it slower than El Segundo.   El Segundo had only one home sell and close escrow in January.  Compare that to 9 last year and you can see just how slow it was.  Having said that the one home that sold was over $3,000,000!   The numbers were:

 

January 2023

Active listings: 13
Pending sales: 10
Sold homes:  1

January 2022

Active listings: 5
Pending sales: 9
Sold homes:  9

Take a look at the home that sold in El Segundo in January 2023.

 

El Segundo sunset

Talk About a Slow Month – One Home Sale in El Segundo in January

Well there are slow real estate months….and then there was January.  Always a slower month due to the fact that most buyers pause their search during the December holiday season, the 2023 version took it to a new level.  There was a whopping one home that closed escrow in January.  Yikes.  Hopefully things will pick up as the weather warms up and the Super Bowl is behind us.

The good news is that the one sale was a big one……727 Mariposa was a 4000+ square foot home with 5 bedrooms and 5 baths that closed at a very impressive $3,130,000.

Type Address Price $ Per Sq Ft Bed/Bath Sq Feet Age
SFR/D 727 W Mariposa AVE $3,130,000 $771 5/3,2,0,0 4062/A 1978/ASR

727 W Mariposa, El Segundo, CA 90245 – Sold at $3,130,000


Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

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El Segundo Real Estate. All information deemed reliable but not guaranteed. The agent providing the information contained herein may not have been a buyer’s and/or seller’s agent. This information is based on data pulled from CRMLS