George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

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Torrance, CA 90505

Thu Jan 28 2021
This week the median list price for Torrance, CA 90505 is $1,250,000 with the market action index hovering around 78. This is less than last month's market action index of 79. Inventory has held steady at or around 15. 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

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 and prices have been moving upward as evidence.

Torrance, CA 90505

Thu Jan 28 2021
This week the median list price for Torrance, CA 90505 is $1,250,000 with the market action index hovering around 78. This is less than last month's market action index of 79. Inventory has held steady at or around 15. 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

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 and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,250,000
Per Square Foot $634
Days on Market 25
Price Decreased 27%
Price Increased 0%
Relisted 7%
Inventory 15
Median Rent $3,495
Most Expensive $1,849,500
Least Expensive $879,000
Market Action 78
Strong Seller's Market

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 and prices have been moving upward as evidence.

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
$1,399,900 2,686 6,500 - 8,000 sqft 4 3 56 1 0 35
$1,338,500 2,047 6,500 - 8,000 sqft 4 3 64 2 0 33
$1,199,950 1,864 4,500 - 6,500 sqft 4 2 68 2 1 29
$1,012,000 1,426 4,500 - 6,500 sqft 3 2 67 3 1 3