Beate Kirmse's Market Report

Torrance, CA 90501

Single-Family Homes

eXp Realty | + 1 (310) 929 9982 | kirmsehomes@gmail.com



Torrance, CA 90501

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. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Torrance, CA 90501

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. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $899,950
Per Square Foot $428
Days on Market 60
Price Decreased 11%
Price Increased 11%
Relisted 4%
Inventory 28
Median Rent $4,963
Most Expensive $1,200,000
Least Expensive $589,000
Market Action 55
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.

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
$1,158,888 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