How much do homes in Torrance, CA cost?

Median List Price

$924,964

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$59,714(+6.9%)

Key Takeaway

The list price of homes in Torrance has increased by 6.9% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $440K$440K0.0%
2 $629K$681.1K+8.3%
3 $855K$919.5K+7.5%
4 $1.0M$1.1M+15.6%
5+ $1.2M$1.3M+0.6%

Median List Price Compared To Nearby Cities

Rolling Hills Estates
+11.4%
South Bay Cities
+10.9%
Redondo Beach
+9.1%
Lomita
+8.6%
Torrance
+6.9%

How many homes are available in Torrance, CA?

Number of Homes For Sale

Jul 2021Aug 2021%
322273-15.2%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 117-36.4%
2 7254-25.0%
3 151129-14.6%
4 6971+2.9%
5+ 1912-36.8%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
89 Days60 Days-33.1%

Breakdown of Home Sale Times

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Key Takeaway

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About Torrance, CA

Number of homes for sale in Torrance, CA real estate market have reached 273. The number of homes for sale in Torrance, CA decreased by 15.2% between July 2021 and August 2021. The median list price of listings available in August 2021 was $924,964, while the average time on the real estate market was 60 days. Listing prices have changed in this real estate market between July 2021 and August 2021: the cost of 1 bedroom properties have not changed, prices of 2 bedrooms properties went up by 8.3%, the cost of 3 bedrooms properties went up by 7.5%, 4 bedrooms properties became 15.6% more expensive, 5 bedrooms properties became 0.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 36.4%, 2 bedrooms homes inventory decreased by 25%, number of 3 bedrooms homes decreased by 14.6%, 4 bedrooms homes inventory increased by 2.9%, the quantity of 5 bedrooms homes went down by 36.8%. While more than 82 listings in Torrance, CA in August 2021 were sold above asking price, there were more than 10 listings sold at asking price, and more than 12 were sold below.

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