Beate Kirmse's Market Report

Torrance, CA 90501

Single-Family Homes

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



Torrance, CA 90501

Fri Jul 10 2020
This week the median list price for Torrance, CA 90501 is $799,999 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 27. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Fri Jul 10 2020
This week the median list price for Torrance, CA 90501 is $799,999 with the market action index hovering around 46. This is less than last month's market action index of 47. Inventory has held steady at or around 27. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $799,999
Per Square Foot $509
Days on Market 70
Price Decreased 19%
Price Increased 15%
Relisted 7%
Inventory 27
Median Rent $2,648
Most Expensive $1,139,000
Least Expensive $499,000
Market Action 46
Strong Seller's Market

Prices in this zip code seem to have settled around a 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
$1,048,995 2,502 4,500 - 6,500 sqft 4 3 64 2 0 29
$899,000 1,945 4,500 - 6,500 sqft 4 2 67 1 1 51
$749,900 1,225 4,500 - 6,500 sqft 3 2 74 1 1 41
$589,000 894 6,500 - 8,000 sqft 2 1 76 0 0 154