Torrance Real Estate Market – Check out our latest report!
Torrance real estate market continues to be a seller’s market due to the very low inventory, relatively low buyer demand, weak home sales, high interest rates reducing the buyer pool. While the sales numbers are down, the prices are steady or a bit higher when compared to a year ago. See our detailed August Report to compare numbers on the month to month basis. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices.
Below you’ll find home selling data in September 2023 vs. September 2022 for single family homes based on the CRMLS data. Torrance home sales were up by 5 percent while the average sales price for single family homes was up by 6 percent.
You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It’ll help you to be current with your area market conditions. These reports can be helpful if you’re either a buyer or a seller in Torrance real estate.
Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!
TORRANCE
Single Family Homes
| Torrance | September 2023 | September 2022 | Difference |
| No. of Sales | 63 | 60 | +5% |
| Average Price | $1,183,036 | $1,121,287 | +14% |
| Median Price | $1,194,605 | $1,045,413 | +6% |
| Days on Market | 17 | 24 | -7 days |
Torrance Market Report in Real Time
Every local Torrance market is different, sometimes a couple of blocks make a bit difference. Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:
