Single-Family Homes
Fri Mar 29 2024
This week the median list price for Torrance, CA is $1,074,940 with the market action index hovering around 70. This is an increase over last month's market action index of 67. Inventory has decreased to 52.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $1,074,940 | |
Median Price of New Listings | $1,122,500 | |
Per Square Foot | $727 | |
Average Days on Market | 34 | |
Median Days on Market | 14 | |
Price Decreased | 21% | |
Price Increased | 4% | |
Relisted | 8% | |
Inventory | 52 | |
Median Rent | ||
Market Action | 70 | |
Strong Seller's Market |
Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,899,950 | 2,191 | 4,500 - 6,500 sqft | 4 | 3 | 69 | 2 | 1 | 21 |
$1,245,000 | 1,576 | 4,500 - 6,500 sqft | 3 | 2 | 68 | 7 | 5 | 0 |
$950,000 | 1,652 | 4,500 - 6,500 sqft | 4 | 2 | 68 | 4 | 4 | 14 |
$849,000 | 1,344 | 4,500 - 6,500 sqft | 3 | 2 | 69 | 5 | 3 | 7 |