Pango Group

Torrance, CA 90502

Single-Family Homes

www.pangogroup.com



Torrance, CA 90502

Wed Dec 11 2024
This week the median list price for Torrance, CA 90502 is $847,000 with the market action index hovering around 60. This is less than last month's market action index of 67. Inventory has held steady at or around 6. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Torrance, CA 90502

Wed Dec 11 2024
This week the median list price for Torrance, CA 90502 is $847,000 with the market action index hovering around 60. This is less than last month's market action index of 67. Inventory has held steady at or around 6. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $847,000
Median Price of New Listings $0
Per Square Foot $755
Average Days on Market 43
Median Days on Market 32
Price Decreased 17%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$995,000 1,620 4,500 - 6,500 sqft 5 3 73 0 0 7
$979,000 1,335 4,500 - 6,500 sqft 4 1 71 0 0 7
$847,000 960 4,500 - 6,500 sqft 3 1 85 0 0 31
$602,499 848 4,500 - 6,500 sqft 2 1.5 71 0 0 91