Single-Family Homes
Fri Apr 19 2024
This week the median list price for Torrance, CA is $1,197,500 with the market action index hovering around 77. This is an increase over last month's market action index of 70. Inventory has decreased to 38.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $1,197,500 | |
Median Price of New Listings | $1,281,500 | |
Per Square Foot | $724 | |
Average Days on Market | 64 | |
Median Days on Market | 32 | |
Price Decreased | 34% | |
Price Increased | 5% | |
Relisted | 13% | |
Inventory | 38 | |
Median Rent | ||
Market Action | 77 | |
Strong Seller's Market |
The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,099,000 | 2,485 | 4,500 - 6,500 sqft | 4 | 3 | 65 | 2 | 0 | 35 |
$1,399,000 | 1,508 | 4,500 - 6,500 sqft | 4 | 2 | 68 | 5 | 5 | 7 |
$962,500 | 1,592 | 4,500 - 6,500 sqft | 3 | 2 | 68 | 1 | 3 | 38 |
$864,500 | 1,459 | 4,500 - 6,500 sqft | 3 | 2 | 69 | 4 | 3 | 28 |