Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

Fri Jan 21 2022
This week the median list price for Torrance, CA 90505 is $1,300,000 with the market action index hovering around 89. This is less than last month's market action index of 95. Inventory has held steady at or around 5. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Torrance, CA 90505

Fri Jan 21 2022
This week the median list price for Torrance, CA 90505 is $1,300,000 with the market action index hovering around 89. This is less than last month's market action index of 95. Inventory has held steady at or around 5. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,300,000
Median Price of New Listings $1,312,500
Per Square Foot $795
Average Days on Market 4
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 5
Median Rent $4,500
Market Action 89
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,400,000 1,686 4,500 - 6,500 sqft 4 2 69 1 0 0
$1,325,000 2,100 4,500 - 6,500 sqft 4 3 68 1 0 0
$1,300,000 1,764 4,500 - 6,500 sqft 3 2 69 1 0 0
$1,224,500 1,451 4,500 - 6,500 sqft 3 2 71 1 0 10