Fri Apr 23 2021
This week the median list price for Torrance, CA 90503 is $975,000 with the market action index hovering around 89. This is an increase over last month's market action index of 82. Inventory has held steady at or around 7.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$975,000|
|Per Square Foot||$670|
|Days on Market||7|
|Strong Seller's Market|
We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,489,000||2,640||6,500 - 8,000 sqft||4||3||42||1||1||0|
|$1,169,000||1,835||0 - 4,500 sqft||3||2||57||1||1||45|
|$962,000||1,411||4,500 - 6,500 sqft||3||2||64||0||0||7|
|$910,000||1,248||4,500 - 6,500 sqft||3||1||68||1||1||3|