$479,999
829 SqFt
2 Beds
•2 Full Baths
John Heinz, Listing Office: Century 21 Cornerstone
September 2024
Report Updated 30 Days Ago
Is Torrance, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Torrance has remained a Seller's Market.
How much do homes in Torrance, CA cost?
$1,039,475
$695/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Torrance was $1,039,475 in September 2024, up 1.2% from last year, and the median price per square foot was $695.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $425K | $432.5K | +1.8% |
2 Bedrooms | $700K | $748.8K | +7.0% |
3 Bedrooms | $1.0M | $1.0M | +3.8% |
4 Bedrooms | $1.2M | $1.3M | +6.5% |
5+ Bedrooms | $1.6M | $1.5M | -6.5% |
Summary: Torrance housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 6.5%.
South Bay Cities | $1.7M | $1.7M | +5.1% |
Redondo Beach | $1.4M | $1.4M | +5.0% |
Lomita | $850K | $870K | +2.4% |
Torrance | $1.0M | $1.0M | +1.2% |
Rolling Hills Estates | $1.6M | $1.7M | 0.1% |
How many homes are available in Torrance, CA?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
304 | 282 | -7.2% |
Summary: The Torrance real estate market had 282 homes for sale in September 2024, a 7.2% decrease compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 15 | 0.0% |
2 Bedrooms | 73 | 59 | -19.2% |
3 Bedrooms | 134 | 135 | +0.7% |
4 Bedrooms | 56 | 52 | -7.1% |
5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The Torrance housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 19.2%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
84 | 77 | -8.3% |
25 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Torrance in September 2024, down by 8.3% month-over-month. Of the 77 sold homes, 32% were sold under asking, 13% were sold at asking, and 55% were sold over asking.
How long does it take to sell a home in Torrance, CA?
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
23 Days | 20 Days | -12.9% |
Summary: Homes in Torrance had an average of 20 days on market in Sep 2024, down by 12.9% compared to last year.
59 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During September 2024, 77 homes were sold in Torrance; 77% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 30 Days Ago
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, and Fresno Association of REALTORS® MLS for the period 10/01/2022 - 10/01/2024
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
interested in purchasing.
Copyright 2024 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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