Market Report

Torrance, CA

Single-Family Homes

Chartwell Escrow



Torrance, CA

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. 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

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. 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 $1,074,940
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.

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
$1,899,950 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