Pango Group

Torrance, CA 90502

Single-Family Homes

www.pangogroup.com


Current active inventory in Torrance, CA 90502 is very low. Keep this in mind when looking at this report.

Torrance, CA 90502

Fri Apr 19 2024
This week the median list price for Torrance, CA 90502 is $885,000 with the market action index hovering around 65. This is an increase over last month's market action index of 60. Inventory has decreased to 3. 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 90502

Fri Apr 19 2024
This week the median list price for Torrance, CA 90502 is $885,000 with the market action index hovering around 65. This is an increase over last month's market action index of 60. Inventory has decreased to 3. 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 $885,000
Median Price of New Listings $885,000
Per Square Foot $578
Average Days on Market 28
Median Days on Market 28
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 65
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
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$899,000 1,474 4,500 - 6,500 sqft 3 2 71 0 0 56
$885,000 1,558 4,500 - 6,500 sqft 3 2 64 1 0 0
$835,000 1,444 4,500 - 6,500 sqft 3 2 70 0 0 28