Sat Sep 19 2020
This week the median list price for Torrance, CA 90501 is $899,950 with the market action index hovering around 55. This is an increase over last month's market action index of 52. Inventory has held steady at or around 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$899,950|
|Per Square Foot||$428|
|Days on Market||60|
|Strong Seller's Market|
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,158,888||2,698||4,500 - 6,500 sqft||4||4||43||1||1||33|
|$949,000||2,271||4,500 - 6,500 sqft||4||3||66||3||0||45|
|$875,000||2,000||4,500 - 6,500 sqft||4||3||66||5||2||12|
|$650,000||1,204||6,500 - 8,000 sqft||2||1||83||2||0||151|