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.
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 | 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 |
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.
