Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

Sun Dec 22 2024
This week the median list price for Torrance, CA 90505 is $1,749,000 with the market action index hovering around 50. This is an increase over last month's market action index of 43. Inventory has decreased to 17. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Torrance, CA 90505

Sun Dec 22 2024
This week the median list price for Torrance, CA 90505 is $1,749,000 with the market action index hovering around 50. This is an increase over last month's market action index of 43. Inventory has decreased to 17. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,749,000
Median Price of New Listings $1,695,000
Per Square Foot $832
Average Days on Market 98
Median Days on Market 70
Price Decreased 47%
Price Increased 6%
Relisted 12%
Inventory 17
Median Rent
Market Action 50
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$2,550,000 3,128 6,500 - 8,000 sqft 4 4 8 0 1 105
$1,847,000 2,205 4,500 - 6,500 sqft 4 3 64 0 1 49
$1,697,000 2,075 4,500 - 6,500 sqft 4 2.5 68 2 2 45
$1,299,000 1,572 4,500 - 6,500 sqft 3 2 71 1 3 140