Market Reports - Torrance California Homes For Sale

How Is the Torrance Market?

September 27, 2024 by Krystyna Baty Ryan

How Is the Torrance Market? – I’m often asked by homeowners, buyers or just curious people who want to be kept informed about Torrance CA in general.

Torrance California August 2024 home sales have shown signs of slowing down. High interest rates, upcoming elections as well as the season (end of summer, families have mostly settled down before schools start) all contributed to the real estate market slowdown.

Below is the detailed market data for Torrance real estate sales, median and average prices in August 2024 compared to August 2023.

Home sales went down drastically by 31 percent. Prices have continued to increase despite slower sales. Average single family home price went up by 7%, the median price went up by 6%. Average price per sq foot is up by 12%.

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 South Bay LA. Call us at (310)918-5027 with any questions. Every local market is different, sometimes it varies from one block to the next.
Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!

TORRANCE

Single Family Homes

Torrance	May 2024	May 2023	Difference
No. of Sales	60	56	+7%
Average Price	$1,271,470	$1,013,489	+14%
Median Price	$1,200,000	$1,105,000	+9%
Avg Days on Market	14	13	+2 days

Below is home sales and price trends for Los Angeles County:

Torrance Market Report in Real Time

Every market is different, sometimes a couple of blocks make a difference in valuation. Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

How Is the Torrance Market? – Local real estate analysis from the local experts.

Torrance Market Report – February 2024 vs 2023

March 9, 2024 by Krystyna Baty Ryan

Torrance market showed a few signs of recovery in terms of rising home prices as well as sales in February. It is still a seller’s market due to the very low inventory, but more and more buyers decided to go ahead with the home purchase. Mortgage originations went up and confirmed it. Home sales are up in most categories, the prices are higher when compared to a year ago. Home prices are are also higher on the month-to-month basis. See our previous Torrance monthly reports 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. Homeowners are hesitant to put their houses on the market and give up their low mortgage interest rates. But this situation may be changing, as I have already mentioned.

Please continue reading to see real estate market updates for two selected major markets in South Bay CA and Beach Cities – Torrance and Redondo Beach in order to better understand the local South Bay market. Below you’ll find home sales data in February 2024 as they compare to the same period 12 months age, broken down by property type. Torrance single family home sales stayed the same while the average sales price for single family homes was up by 15 percent. Redondo Beach home single family home sales almost doubled y-o-y while the average sales price for single family homes was up by 19 percent. See below for all detailed data. Condo and townhome sales and prices both in Torrance and Redondo Beach picked up in February.

Homes stayed on the market fewer days than a year ago, another sign of recovery.

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 South Bay LA. Call us at (310)918-5027 with any questions.

Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!

TORRANCE MARKET UPDATE

Single Family Homes

Torrance	February 2024	February 2023	Difference
No. of Sales	35	36	-3%
Median Price	$1,225,000	$1,000,003	+23%
Average Price	$1,235,191	$1,070,329	+15%
Days on Market	17	33	-16 days

Condos and Townhomes

Torrance	February 2024	February 2023	Difference
No. of Sales	28	15	+87%
Median Price	$540,000	$580,000	-7%
Average Price	$662,701	$623,900	+6%
Days on Market	31	30	+ 1 day

Torrance Market Report in Real Time

REDONDO BEACH MARKET UPDATE

Single Family Homes

Redondo Beach	February 2024	Februry 2023	Difference
No. of Sales	15	10	+50%
Median Price	$1,850,000	$1,394,500	+33%
Average Price	$1,850,533	$1,557,900	+19%
Days on Market	12	45	-33 days

Condos and Townhomes

Redondo Beach	February 2024	February 2023	Difference
No. of Sales	21	22	– 1 sale
Median Price	$1,335,000	$1,236,500	+8%
Average Price	$1,418,998	$1,285,750	+10%
Days on Market	20	26	-6 days

Redondo Beach Market Report in Real Time

Every market is different, sometimes a couple of blocks make a difference in valuation. Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:

Torrance February Market Report

Torrance January 2024 Market Update

February 16, 2024 by Krystyna Baty Ryan

Torrance January 2023 real estate market profile has not changed when compared to last few months. It is a seller’s market due to the very low inventory, low demand, lower property sales, high interest rates reducing the homebuyer pool. Home sales are down, the prices are steady or higher when compared to a year ago. See our previous monthly reports 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. Homeowners are hesitant to put their houses on the market and give up their low mortgage interest rates.
Torrance single family home sales were down by 29 percent while the average sales price for single family homes was up by 7 percent. Condo and townhome sales and prices went up last month.

Wondering how your local Torrance market is?
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 South Bay LA. Call us at (310)918-5027 with any questions.

TORRANCE

Single Family Homes

Torrance	January 2024	January 2023	Difference
No. of Sales	29	41	-29%
Average Price	$1,166,820	$1,093,441	+7%
Median Price	$1,100,000	$1,120,000	-2%
Days on Market	22	43	-21 days

Condos and Townhomes

Torrance	January 2024	January 2023	Difference
No. of Sales	15	9	+67%
Average Price	$748,545	$666,444	+12%
Median Price	$748,889	$659,000	+14%
Days on Market	32	31	+ 1 day

Torrance Market Report in Real Time

Torrance January 2024 Market Update

Torrance Market Report for 2023

January 15, 2024 by Krystyna Baty Ryan

Torrance Market Report for 2023

Torrance market was a seller’s in 2023. Several factors contributed to the strong seller’s market in Torrance CA. The main reason was a very low inventory of homes for sale which reduced the buyer options. Higher mortgage interest rates which more than doubled in the short period of time created the situation where home owners did not want to move and give up those low rates. While the sales numbers were down 14% for houses, the median and the average prices are higher when compared to a year ago.

See our previous Torrance market monthly reports 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 property sales data in year 2023 as it compares to the previous year 2022, broken down by property type. Torrance home sales were down by 14 percent while the average sales price for single family homes was down by 3 percent.

Curious about your neighborhood home sales and prices? Call (310)918-5027 or create your own market report – see below:
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 may be helpful if you’re either a buyer or a seller in Torrance and Greater South Bay LA.

Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!

TORRANCE

Single Family Homes

Torrance	Year 2023	Year 2022	Difference
No. of Sales	634	737	-14%
Median Price	$1,124,500	$1,150,000	-2%
Average Price	$1,154,853	$1,191,430	-3%
Days on Market	22	19	+3 days

Condos and Townhomes

Torrance	Year 2023	Year 2022	Difference
No. of Sales	257	356	-28%
Median Price	$675,000	$687,500	-2%
Average Price	$681,821	$699.476	-3%
Days on Market	27	18	+9 days

We have a lot of properties for sale in Torrance CA at different price points, from affordable condos or bungalows to large estates. Contact Krystyna at (310)918-5027 and my team and I will find you the home that fits your budget and needs.

If you’re thinking about selling your current home, call us and we’ll provide you with a complimentary home evaluation.

Torrance CA Market Report – Nov ’23

December 13, 2023 by Krystyna Baty Ryan

Torrance CA market is a seller’s market due to the very low inventory, reduced buyer demand, lower property sales, higher interest rates reducing the homebuyer pool. While the sales numbers are steady, the prices are higher when compared to a year ago. See our previous monthly reports 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. Many properties still attract multiple offers just like in the last 2-3 years.
Below you’ll find property sales data in November 2023 as it compares to the same period in 2022, broken down by property type. Torrance home sales were up by 5 percent while the average sales price for single family homes was up by 7 percent.

Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!

TORRANCE

Single Family Homes

Torrance	November 2023	November 2022	Difference
No. of Sales	44	42	+5%
Average Price	$1,120,000	$1,066,500	+5%
Median Price	$1,122,057	$1,108,987	+7%
Days on Market	28	25	+3 days

Condos and Townhomes

Torrance	November 2023	November 2022	Difference
No. of Sales	15	18	+17%
Average Price	$707,261	$666,489	+6%
Median Price	$730,000	$618,500	+18%
Days on Market	18	36	-18 days

If you’re thinking about selling your current home, call us and we’ll provide you with a complimentary home evaluation.

Torrance Market Update

October 19, 2023 by Krystyna Baty Ryan

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.

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: