Beate Kirmse's Market Report

Torrance, CA 90504

Single-Family Homes

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



Torrance, CA 90504

Tue Aug 11 2020
This week the median list price for Torrance, CA 90504 is $825,000 with the market action index hovering around 55. This is an increase over last month's market action index of 50. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Torrance, CA 90504

Tue Aug 11 2020
This week the median list price for Torrance, CA 90504 is $825,000 with the market action index hovering around 55. This is an increase over last month's market action index of 50. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $825,000
Per Square Foot $538
Days on Market 73
Price Decreased 27%
Price Increased 7%
Relisted 7%
Inventory 15
Median Rent $3,500
Most Expensive $948,880
Least Expensive $549,000
Market Action 55
Strong Seller's Market

We continue to see prices in this zip code bounce around this 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
$899,999 1,716 4,500 - 6,500 sqft 4 2 64 0 1 56
$854,000 1,524 4,500 - 6,500 sqft 3 3 64 0 2 96
$764,994 1,438 4,500 - 6,500 sqft 3 2 68 0 1 33
$682,000 969 4,500 - 6,500 sqft 2 1 69 1 1 101