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.
