Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

Thu Dec 08 2022
This week the median list price for Torrance, CA 90505 is $1,527,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 14. 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

In the last few weeks 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Torrance, CA 90505

Thu Dec 08 2022
This week the median list price for Torrance, CA 90505 is $1,527,000 with the market action index hovering around 59. This is an increase over last month's market action index of 58. Inventory has decreased to 14. 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

In the last few weeks 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 so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,527,000
Median Price of New Listings $0
Per Square Foot $668
Average Days on Market 129
Median Days on Market 98
Price Decreased 79%
Price Increased 7%
Relisted 7%
Inventory 14
Median Rent
Market Action 59
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$2,500,000 3,320 8,000 - 10,000 sqft 4 4 24 0 1 147
$1,888,888 3,083 4,500 - 6,500 sqft 4 4 66 0 1 70
$1,459,500 1,984 4,500 - 6,500 sqft 4 3 65 0 1 98
$1,349,950 2,018 4,500 - 6,500 sqft 3 2.5 63 0 1 126