Pango Group

Torrance, CA 90501

Single-Family Homes

www.pangogroup.com



Torrance, CA 90501

Sat Nov 27 2021
This week the median list price for Torrance, CA 90501 is $799,000 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has increased to 13. 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 90501

Sat Nov 27 2021
This week the median list price for Torrance, CA 90501 is $799,000 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has increased to 13. 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 $799,000
Median Price of New Listings $824,999
Per Square Foot $696
Average Days on Market 30
Median Days on Market 7
Price Decreased 23%
Price Increased 0%
Relisted 0%
Inventory 13
Median Rent $4,000
Market Action 82
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$1,299,000 2,481 6,500 - 8,000 sqft 4 3 49 1 1 7
$899,000 1,178 4,500 - 6,500 sqft 3 2 76 1 2 7
$775,000 1,176 6,500 - 8,000 sqft 3 2 73 1 0 42
$702,250 742 0 - 4,500 sqft 2 1 95 1 2 21