Is Torrance, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Torrance is a seller's market

Buyer's
Market

Difference Since January 2022

Since last year, Torrance has remained a Seller's Market.

Key Takeaway

Torrance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Torrance, CA cost?

Median Sold Price

$1,124,750

$699/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$118,350(+11.8%)

Key Takeaway

Homes in Torrance have sold for 11.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $462K$527.5K
+14.2%
2 $707K$780K
+10.3%
3 $1.0M$1.1M
+9.5%
4 $1.2M$1.3M
+2.0%
5+ $1.4M$1.6M
+19.5%

Median Sold Price Compared To Nearby Cities

Torrance
+11.8%
Redondo Beach
+10.7%
South Bay Cities
+8.5%
Rolling Hills Estates
+5.9%
Lomita
+1.0%

How many homes are available in Torrance, CA?

Number of Homes For Sale

Dec 2022Jan 2023%
167153-8.4%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 35
+66.7%
2 2620
-23.1%
3 7880
+2.6%
4 4533
-26.7%
5+ 1515
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
5741-28.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Torrance, you may be able to get a good deal. 53.7% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
18 Days43 Days+139.4%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Torrance are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Torrance, CA

Torrance, CA has 153 homes for sale to choose from. The number of homes for sale in Torrance, CA decreased by 8.4% between December 2022 and January 2023. In January 2023 median list price was $1,124,750 and the average listing age was 43 days. Real estate listing prices changed between December 2022 and January 2023: 1 bedroom properties became 14.2% more expensive, prices of 2 bedrooms properties went up by 10.3%, 3 bedrooms properties became 9.5% more expensive, the cost of 4 bedrooms properties went up by 2%, the cost of 5 bedrooms properties went up by 19.5%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 66.7%, 2 bedrooms homes inventory decreased by 23.1%, number of 3 bedrooms homes increased by 2.6%, 4 bedrooms homes became 26.7% less available, 5 bedrooms homes did not move. In January 2023 more than 11 listings in Torrance, CA were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 22 were sold below.

Related Housing Market Reports