Pango Group

Torrance, CA 90502

Single-Family Homes

www.pangogroup.com



Torrance, CA 90502

Mon Jun 24 2024
This week the median list price for Torrance, CA 90502 is $817,000 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has decreased to 4. 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

Mon Jun 24 2024
This week the median list price for Torrance, CA 90502 is $817,000 with the market action index hovering around 62. This is an increase over last month's market action index of 57. Inventory has decreased to 4. 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 $817,000
Median Price of New Listings $0
Per Square Foot $621
Average Days on Market 51
Median Days on Market 32
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 62
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
$840,000 1,352 4,500 - 6,500 sqft 3 2 65 0 0 35
$839,000 1,474 4,500 - 6,500 sqft 3 2 71 0 0 126
$795,000 1,278 4,500 - 6,500 sqft 3 2 65 0 1 28
$650,000 812 4,500 - 6,500 sqft 2 1 70 0 0 14