George Fotion's Market Report

Torrance, CA 90505

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | (424) 722-9136



Torrance, CA 90505

Sat Jul 20 2024
This week the median list price for Torrance, CA 90505 is $1,539,000 with the market action index hovering around 77. This is an increase over last month's market action index of 68. Inventory has decreased to 13. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Torrance, CA 90505

Sat Jul 20 2024
This week the median list price for Torrance, CA 90505 is $1,539,000 with the market action index hovering around 77. This is an increase over last month's market action index of 68. Inventory has decreased to 13. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,539,000
Median Price of New Listings $1,274,500
Per Square Foot $682
Average Days on Market 43
Median Days on Market 21
Price Decreased 31%
Price Increased 0%
Relisted 15%
Inventory 13
Median Rent
Market Action 77
Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$1,999,999 2,936 4,500 - 6,500 sqft 5 4 69 0 0 63
$1,895,000 2,698 4,500 - 6,500 sqft 4 3 62 0 0 28
$1,499,000 2,415 6,500 - 8,000 sqft 4 3 58 0 2 21
$1,364,750 1,955 4,500 - 6,500 sqft 4 3 66 2 2 3