Justin Tye

Torrance, CA

Single-Family Homes

Active Realty I REAL



Torrance, CA

Fri May 24 2024
This week the median list price for Torrance, CA is $1,250,000 with the market action index hovering around 77. This is less than last month's market action index of 79. Inventory has increased to 60. Click here to stay informed with the Torrance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Torrance, CA

Fri May 24 2024
This week the median list price for Torrance, CA is $1,250,000 with the market action index hovering around 77. This is less than last month's market action index of 79. Inventory has increased to 60. Click here to stay informed with the Torrance market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,250,000
Median Price of New Listings $1,299,000
Per Square Foot $748
Average Days on Market 35
Median Days on Market 14
Price Decreased 35%
Price Increased 2%
Relisted 3%
Inventory 60
Median Rent
Market Action 77
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,649,000 2,303 4,500 - 6,500 sqft 4 3 60 6 4 7
$1,349,000 1,793 4,500 - 6,500 sqft 3 3 68 7 3 14
$1,149,000 1,260 4,500 - 6,500 sqft 3 2 70 5 4 14
$885,000 1,549 4,500 - 6,500 sqft 3 2 56 3 3 42