Pango Group

Torrance, CA 90501

Single-Family Homes

www.pangogroup.com



Torrance, CA 90501

Wed May 22 2024
This week the median list price for Torrance, CA 90501 is $935,000 with the market action index hovering around 60. This is less than last month's market action index of 64. Inventory has held steady at or around 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

The market has started cooling and prices have been flat for several weeks. Since 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 90501

Wed May 22 2024
This week the median list price for Torrance, CA 90501 is $935,000 with the market action index hovering around 60. This is less than last month's market action index of 64. Inventory has held steady at or around 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

The market has started cooling and prices have been flat for several weeks. Since 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 $935,000
Median Price of New Listings $939,000
Per Square Foot $640
Average Days on Market 63
Median Days on Market 28
Price Decreased 47%
Price Increased 0%
Relisted 0%
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
$1,399,900 1,686 4,500 - 6,500 sqft 4 3 77 0 0 28
$1,074,500 1,739 4,500 - 6,500 sqft 3 2.5 63 1 1 14
$929,000 1,869 0.25 - 0.5 acre 3 3.5 1 0 0 42
$817,500 1,256 4,500 - 6,500 sqft 3 1.5 69 0 0 56