Beate Kirmse's Market Report

Torrance, CA 90504

Single-Family Homes

eXp Realty | + 1 (310) 303 4411 | kirmsehomes@gmail.com



Torrance, CA 90504

Fri Jul 10 2020
This week the median list price for Torrance, CA 90504 is $815,000 with the market action index hovering around 49. This is an increase over last month's market action index of 44. Inventory has held steady at or around 21. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Torrance, CA 90504

Fri Jul 10 2020
This week the median list price for Torrance, CA 90504 is $815,000 with the market action index hovering around 49. This is an increase over last month's market action index of 44. Inventory has held steady at or around 21. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $815,000
Per Square Foot $515
Days on Market 74
Price Decreased 48%
Price Increased 0%
Relisted 14%
Inventory 21
Median Rent $3,400
Most Expensive $1,179,000
Least Expensive $679,000
Market Action 49
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$949,999 2,052 6,500 - 8,000 sqft 4 4 65 0 2 133
$830,000 1,343 4,500 - 6,500 sqft 3 3 65 1 2 63
$754,900 1,522 4,500 - 6,500 sqft 3 2 67 2 4 15
$699,450 1,389 4,500 - 6,500 sqft 3 1 69 1 2 82