Pango Group

Torrance, CA 90501

Single-Family Homes

www.pangogroup.com



Torrance, CA 90501

Fri Mar 29 2024
This week the median list price for Torrance, CA 90501 is $949,000 with the market action index hovering around 60. This is less than last month's market action index of 66. Inventory has increased to 15. 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 90501

Fri Mar 29 2024
This week the median list price for Torrance, CA 90501 is $949,000 with the market action index hovering around 60. This is less than last month's market action index of 66. Inventory has increased to 15. 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 $949,000
Median Price of New Listings $1,170,000
Per Square Foot $574
Average Days on Market 54
Median Days on Market 21
Price Decreased 27%
Price Increased 7%
Relisted 13%
Inventory 15
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
$1,450,000 2,191 4,500 - 6,500 sqft 4 3 68 0 0 21
$1,170,000 2,064 6,500 - 8,000 sqft 4 3 56 3 1 7
$919,000 1,846 6,500 - 8,000 sqft 4 3 35 0 0 77
$849,000 1,558 0 - 4,500 sqft 3 2.5 33 1 0 17