Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

Fri Jun 21 2024
This week the median list price for Torrance, CA 90505 is $1,619,500 with the market action index hovering around 69. This is less than last month's market action index of 70. 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

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 90505

Fri Jun 21 2024
This week the median list price for Torrance, CA 90505 is $1,619,500 with the market action index hovering around 69. This is less than last month's market action index of 70. 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

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 $1,619,500
Median Price of New Listings $1,600,000
Per Square Foot $707
Average Days on Market 29
Median Days on Market 7
Price Decreased 31%
Price Increased 0%
Relisted 13%
Inventory 16
Median Rent
Market Action 69
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$1,999,000 3,095 4,500 - 6,500 sqft 5 4 59 2 0 56
$1,804,000 2,876 4,500 - 6,500 sqft 4 3.5 60 1 1 28
$1,599,000 1,588 6,500 - 8,000 sqft 3 2.5 68 2 0 3
$1,194,500 1,136 4,500 - 6,500 sqft 3 1 73 2 1 3