Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

Fri Mar 29 2024
This week the median list price for Torrance, CA 90505 is $1,570,000 with the market action index hovering around 59. This is an increase over last month's market action index of 47. Inventory has decreased to 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Torrance, CA 90505

Fri Mar 29 2024
This week the median list price for Torrance, CA 90505 is $1,570,000 with the market action index hovering around 59. This is an increase over last month's market action index of 47. Inventory has decreased to 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,570,000
Median Price of New Listings $2,349,000
Per Square Foot $945
Average Days on Market 51
Median Days on Market 28
Price Decreased 22%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent
Market Action 59
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$2,422,000 2,529 6,500 - 8,000 sqft 4 3 49 2 0 0
$1,999,975 2,251 4,500 - 6,500 sqft 4 3.5 70 0 0 147
$1,510,000 1,664 4,500 - 6,500 sqft 3 2 72 0 0 35
$1,249,000 1,488 4,500 - 6,500 sqft 3 2 62 1 3 28