Pango Group

Torrance, CA 90503

Single-Family Homes

www.pangogroup.com



Torrance, CA 90503

Thu Dec 01 2022
This week the median list price for Torrance, CA 90503 is $1,262,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has decreased 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

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 90503

Thu Dec 01 2022
This week the median list price for Torrance, CA 90503 is $1,262,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has decreased 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

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 $1,262,500
Median Price of New Listings $1,479,000
Per Square Foot $775
Average Days on Market 56
Median Days on Market 39
Price Decreased 63%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 52
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$1,522,500 1,826 4,500 - 6,500 sqft 4 2 65 1 1 108
$1,350,000 2,017 4,500 - 6,500 sqft 3 3 66 0 0 42
$1,219,500 1,546 4,500 - 6,500 sqft 3 2 67 0 1 17
$1,072,500 1,726 4,500 - 6,500 sqft 3 2 71 0 0 45