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.
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
| # 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
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 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
Key Takeaway
Many homes in Torrance are selling fast, if you're buying plan to act quickly.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.