Pango Group

Torrance, CA 90504

Single-Family Homes

www.pangogroup.com


Torrance, CA 90504

Sat Sep 30 2023
This week the median list price for Torrance, CA 90504 is $1,144,500 with the market action index hovering around 83. This is less than last month's market action index of 86. Inventory has increased to 14. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Torrance, CA 90504

Sat Sep 30 2023
This week the median list price for Torrance, CA 90504 is $1,144,500 with the market action index hovering around 83. This is less than last month's market action index of 86. Inventory has increased to 14. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Torrance market.
Median List Price $1,144,500
Median Price of New Listings $1,024,500
Per Square Foot $656
Average Days on Market 28
Median Days on Market 18
Price Decreased 14%
Price Increased 14%
Relisted 0%
Inventory 14
Median Rent
Market Action 83
Strong Seller's Market

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,375,000 2,302 4,500 - 6,500 sqft 4 3 67 1 0 42
$1,229,000 2,035 4,500 - 6,500 sqft 4 2 61 0 1 42
$1,072,000 1,757 4,500 - 6,500 sqft 3 2 67 2 2 3
$915,000 1,304 4,500 - 6,500 sqft 3 2 71 3 4 10