Torrance real estate market is showing more signs of stabilization. While the sales numbers are down, the prices are steady or a bit lower y-o-y. Numbers are up when compared to previous couple of months. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices.
Below you’ll find property selling data in July ’23 vs. July ’22. Torrance home sales were down by 21 percent while the average sales price for single family homes was up by 1 percent.
Every market is different, every Torrance area or neighborhood real estate sales and trends vary. You may create your own market report for any market, city, zip code, area, property type, save and receive email update or call us at (310)918-5027 – We’ll be happy to help!
Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!
TORRANCE REAL ESTATE UPDATE
Single Family Homes
| Torrance | July 2023 | July 2022 | Difference |
| No. of Sales | 60 | 76 | -21% |
| Median Price | $1,137,500 | $1,096,808 | +4% |
| Average Price | $1,177,614 | $1,164,050 | +1% |
| Days on Market | 19 | 15 | +4 days |
Condos & Townhomes
| Torrance | July 2023 | July 2022 | Difference |
| No. of Sales | 27 | 33 | -18% |
| Median Price | $675,000 | $676,000 | – |
| Average Price | $656,741 | $669,536 | -2% |
| Days on Market | 35 | 15 | +20 days |
