Pango Group

Torrance, CA 90505

Single-Family Homes

www.pangogroup.com



Torrance, CA 90505

Fri Apr 23 2021
This week the median list price for Torrance, CA 90505 is $1,449,500 with the market action index hovering around 88. This is about the same as last month's market action index of 88. Inventory has held steady at or around 10. 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

Fri Apr 23 2021
This week the median list price for Torrance, CA 90505 is $1,449,500 with the market action index hovering around 88. This is about the same as last month's market action index of 88. Inventory has held steady at or around 10. 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 $1,449,500
Per Square Foot $742
Days on Market 7
Price Decreased 30%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent $3,995
Most Expensive $2,199,000
Least Expensive $849,000
Market Action 88
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$1,974,499 2,952 8,000 - 10,000 sqft 4 3 66 0 0 17
$1,573,950 1,930 4,500 - 6,500 sqft 4 3 68 0 0 17
$1,400,000 1,956 6,500 - 8,000 sqft 4 3 54 1 1 7
$910,000 1,158 4,500 - 6,500 sqft 3 2 65 1 0 7