Market Report

Torrance, CA

Single-Family Homes

Chartwell Escrow



Torrance, CA

Sun Apr 14 2024
This week the median list price for Torrance, CA is $1,079,000 with the market action index hovering around 75. This is an increase over last month's market action index of 72. Inventory has decreased to 37. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Torrance, CA

Sun Apr 14 2024
This week the median list price for Torrance, CA is $1,079,000 with the market action index hovering around 75. This is an increase over last month's market action index of 72. Inventory has decreased to 37. 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 have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,079,000
Median Price of New Listings $1,087,000
Per Square Foot $655
Average Days on Market 45
Median Days on Market 28
Price Decreased 30%
Price Increased 3%
Relisted 11%
Inventory 37
Median Rent
Market Action 75
Strong Seller's Market

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$2,099,000 2,523 4,500 - 6,500 sqft 4 3 68 0 2 28
$1,275,000 1,488 4,500 - 6,500 sqft 3 2 68 2 5 7
$975,000 1,658 4,500 - 6,500 sqft 4 2 68 0 2 28
$854,000 1,517 4,500 - 6,500 sqft 3 2 65 2 6 38