Your Local Market Report

Torrance, CA

Single-Family Homes



Torrance, CA

Sun Aug 18 2019
This week the median list price for Torrance, CA is $859,000 with the market action index hovering around 53. This is an increase over last month's market action index of 49. Inventory has held steady at or around 115. Click here to stay informed with the Torrance market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Torrance, CA

Sun Aug 18 2019
This week the median list price for Torrance, CA is $859,000 with the market action index hovering around 53. This is an increase over last month's market action index of 49. Inventory has held steady at or around 115. Click here to stay informed with the Torrance market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $859,000
Per Square Foot $543
Days on Market 64
Price Decreased 41%
Price Increased 4%
Relisted 10%
Inventory 115
Median House Rent $3,500
Most Expensive $2,499,000
Least Expensive $399,000
Market Action Index
Strong Seller's Market
53

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,214,000 2,463 6,500 - 8,000 sqft 4 2 60 5 7 78
$909,900 1,690 4,500 - 6,500 sqft 3 1 65 8 6 46
$785,000 1,500 4,500 - 6,500 sqft 3 2 64 7 7 71
$624,500 1,197 4,500 - 6,500 sqft 3 1 66 5 4 63