Single-Family Homes
Tue May 07 2024
This week the median list price for Torrance, CA 90504 is $1,079,000 with the market action index hovering around 84. This is an increase over last month's market action index of 80. Inventory has increased to 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $1,079,000 | |
Median Price of New Listings | $1,100,000 | |
Per Square Foot | $685 | |
Average Days on Market | 15 | |
Median Days on Market | 7 | |
Price Decreased | 27% | |
Price Increased | 0% | |
Relisted | 0% | |
Inventory | 15 | |
Median Rent | ||
Market Action | 84 | |
Strong Seller's Market |
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,399,000 | 2,175 | 4,500 - 6,500 sqft | 5 | 3 | 61 | 2 | 0 | 7 |
$1,224,500 | 1,751 | 4,500 - 6,500 sqft | 3 | 2.5 | 71 | 2 | 2 | 3 |
$999,250 | 1,469 | 4,500 - 6,500 sqft | 3 | 2 | 69 | 1 | 0 | 24 |
$923,810 | 1,342 | 4,500 - 6,500 sqft | 3 | 2 | 71 | 2 | 2 | 7 |