Sat Jan 16 2021
This week the median list price for Torrance, CA 90505 is $1,249,000 with the market action index hovering around 83. This is an increase over last month's market action index of 81. Inventory has held steady at or around 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,249,000|
|Per Square Foot||$634|
|Days on Market||26|
|Strong Seller's Market|
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,697,000||2,579||6,500 - 8,000 sqft||4||3||66||0||0||45|
|$1,388,500||2,713||8,000 - 10,000 sqft||3||4||37||0||1||45|
|$1,224,450||2,288||4,500 - 6,500 sqft||4||2||56||1||0||24|
|$940,000||1,411||4,500 - 6,500 sqft||3||2||68||3||2||0|