George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Torrance, CA 90505

Thu Sep 16 2021
This week the median list price for Torrance, CA 90505 is $1,514,950 with the market action index hovering around 80. This is less than last month's market action index of 81. Inventory has increased to 16. 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 90505

Thu Sep 16 2021
This week the median list price for Torrance, CA 90505 is $1,514,950 with the market action index hovering around 80. This is less than last month's market action index of 81. Inventory has increased to 16. 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 $1,514,950
Median Price of New Listings $1,295,000
Per Square Foot $747
Average Days on Market 33
Median Days on Market 14
Price Decreased 31%
Price Increased 6%
Relisted 13%
Inventory 16
Median Rent $4,500
Market Action 80
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.

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
$1,797,500 3,043 8,000 - 10,000 sqft 4 3 60 0 0 42
$1,565,000 1,896 6,500 - 8,000 sqft 3 3 65 1 1 7
$1,307,500 1,740 6,500 - 8,000 sqft 3 2 58 2 2 21
$917,000 1,111 4,500 - 6,500 sqft 2 1 72 2 1 28