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TORRANCE REALTORS

Considering buying or selling real estate in Torrance? Our office is centrally located in South Torrance. We specialize in Torrance real estate. Our experienced team is ready to help you buy or sell Torrance real estate.

Cal (310)918-5027 or click on Contact Us link.

LOCAL TORRANCE MARKET UPDATE

Torrance real estate market

Torrance, CA Market Data for 2nd Qtr 2024

Here is the latest real estate market report Torrance.
In Torrance, single family home average sales price was $1,233,871 which was 8 percent higher than a year ago. Median price was $1,150,000 – no change compared to a year ago.

It’s always good to remember that all real estate is local. You can 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

Single Family Homes

Torrance 2nd Qtr 2024 2nd Qtr 2023 Difference
No. of Sales 175 167 +5%
Average Price $1,233,871 $1,137,995  +8%
Median Price $1,150,000 $1,147,500  –
Days on Market 17 18 -1 day

 

Condos and Townhomes

Torrance 2nd Qtr 2024 2nd Qtr 2023 Difference
No. of Sales 87 70 +24%
Average Price $778,616 $682,989 +14%
Median Price $749,000 $662,000 +13%
Days on Market 10 21 – 11 days

 

Torrance Market Report in Real Time

Never miss important changes in the Torrance market. Contact us to receive your local area market report.

ABOUT TORRANCE

 

TORRANCE REAL ESTATE MARKET

Homes in the Torrance real estate market range from around $1 million. Buyers may find condos and townhomes at lower prices. The Torrance California real estate market has been strong in recent years, with home prices steadily increasing.There are many reasons for the strong Torrance real estate market. Torrance is conveniently located, close to LAX, Los Angeles, with easy access to major highways and close proximity to popular destinations such as our local beaches. Torrance is also known for its highly-rated schools, which can make it an attractive location for families. Active 55+ seniors also find Torrance attractive because of many beautiful senior communities located here.

The Torrance real estate market has been competitive, with limited inventory and a high demand for homes with limited space for new construction.

You’ll find a wide variety of styles in Torrance, from luxury homes to affordable condos. You can find a perfect home that suits your budget and style right here in Torrance.

TORRANCE COMMUNITY HIGHLIGHTS

The Torrance Cultural Arts Center hosts events year-round, and the Armed Forces Day Parade in Torrance has been running since 1960.
The Torrance City Parks Department maintains 30 parks, including the Madrona Marsh Wildlife Preserve & Nature Center.
Torrance has a major corporate presence with the headquarters of Honda’s American division located here.

Torrance is the eighth-largest city in the Los Angeles County area and is among the best-maintained cities in the state. Torrance boasts over 95,000 street trees, 30 city parks, and many other great additions amongst the Torrance homes to help keep the city beautiful.

PARKS AND RECREATION

Torrance has over 30 parks and recreational facilities, including Wilson Park, Columbia Park, Walteria Park, Delthorne Park. Torrance parks offer a variety of activities such as playgrounds, sports fields, picnic areas, tennis courts and hiking trails. Nearby beaches and Palos Verdes provide additional opportunities for sport and outdoor activities enthusiasts.

LOCAL BEACHES

Torrance is located close to several beautiful beaches, including Torrance Beach, Redondo Beach, Hermosa Beach, and Manhattan Beach, which offer a range of outdoor activities such as volleyball, swimming, surfing, sunbathing, and walking along the boardwalk.

SHOPPING AND DINING

Torrance has a variety of shopping options, including the Del Amo Fashion Center, which is one of the largest shopping centers in the United States. It features a variety of shops and restaurants. The city also offers a range of dining options. Torrance has a diverse selection of cuisines, including Japanese, Korean, Mexican, and Italian, among others.

AWARD WINNING SCHOOLS

Torrance real estate is popular with families looking to offer their children the best opportunities from award-winning schools. Many elementary and high schools are Distinguished California Schools. El Camino community college is one of the best rated in the state.

CULTURAL EVENTS

Torrance hosts a variety of cultural events throughout the year, including the Torrance Antique Street Faire, the South Bay Festival of the Arts, and the Torrance Certified Farmers’ Market, which showcases local vendors and artisans. The Torrance Cultural Arts Center has several venues and hosts a medley of performance arts events throughout the year.

MUSEUMS

Torrance is home to several museums, including the Western Museum of Flight, which features exhibits on aviation history, and the Torrance Art Museum, which showcases contemporary art from around the world.

IDEAL CLIMATE

Torrance residents enjoy the coastal California climate all year round. Winters are typically mild and summers can be quite warm which makes this sunny destination a popular place with many people.

EMPLOYMENT OPPORTUNITIES

Torrance has excellent employment opportunities, with major employers such as Honda, Honeywell, Exxon Mobile and Spacex within minutes drive. There are many other smaller employers in the area as well, making this area an excellent choice for working professionals.

LOCAL RESOURCES

City of Torrance

Torrance Chamber of Commerce

Torrance Parks

Torrance Visitors Bureau
Torrance Beach

Torrance Memorial Senior Resources

El Camino College

Torrance Unified School District