Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

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. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Torrance, CA 90505

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. 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,249,000
Per Square Foot $634
Days on Market 26
Price Decreased 22%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent $3,495
Most Expensive $1,975,000
Least Expensive $849,900
Market Action 83
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.

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
$1,697,000 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