Is Torrance, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Torrance has remained a Seller's Market.
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
Median Sold Price By Bedroom Count
# BEDS | Jan 2022 | Jan 2023 | % |
---|---|---|---|
1 Bedroom | $462K | $527.5K | +14.2% |
2 Bedrooms | $707K | $780K | +10.3% |
3 Bedrooms | $1.0M | $1.1M | +9.5% |
4 Bedrooms | $1.2M | $1.3M | +2.0% |
5+ Bedrooms | $1.4M | $1.6M | +19.5% |
Median Sold Price Compared To Nearby Cities
Torrance | $1.0M | $1.1M | +11.8% |
Redondo Beach | $1.2M | $1.4M | +10.7% |
South Bay Cities | $1.6M | $1.7M | +8.5% |
Rolling Hills Estates | $1.8M | $1.9M | +5.9% |
Lomita | $822K | $830K | +1.0% |
How many homes are available in Torrance, CA?
Number of Homes For Sale
Dec 2022 | Jan 2023 | % |
---|---|---|
167 | 153 | -8.4% |
Homes For Sale By Bedroom Count
# BEDS | Dec 2022 | Jan 2023 | % |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 26 | 20 | -23.1% |
3 Bedrooms | 78 | 80 | +2.6% |
4 Bedrooms | 45 | 33 | -26.7% |
5+ Bedrooms | 15 | 15 | 0.0% |
Number of Homes Sold
Dec 2022 | Jan 2023 | % |
---|---|---|
57 | 41 | -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
Average Sale Time
Jan 2022 | Jan 2023 | % |
---|---|---|
18 Days | 43 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