$10,000 Closing Credit*
$872,000
1,361 SqFt
2 Beds
•2 Full Baths, 1 Partial
Eri Nakazawa, Listing Office: RELO REDAC, Inc.
Is Central Torrance, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Central Torrance has remained a Seller's Market.
Key Takeaway
Central Torrance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Torrance, CA
How much do homes in Central Torrance, CA cost?
Median Sold Price
$1,175,000
$771/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$95,000(-7.5%)
Key Takeaway
Homes in Central Torrance have sold for 7.5% less than they did a month ago.
Summary: The median home sold price in Central Torrance was $1,175,000 in October 2024, down 7.5% from last month, and the median price per square foot was $771.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $650K | - | N/A |
| 2 Bedrooms | $865K | $870K | +0.6% |
| 3 Bedrooms | $1.2M | $1.2M | -1.6% |
| 4 Bedrooms | $1.5M | $1.3M | -8.0% |
| 5+ Bedrooms | $1.6M | - | N/A |
Summary: Central Torrance housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| N. Torrance - East | $1.0M | $1.0M | -3.0% |
| Central Torrance | $1.2M | $1.1M | -7.5% |
Housing Supply in Central Torrance, CA
How many homes are available in Central Torrance, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 37 | +2.8% |
Summary: The Central Torrance real estate market had 37 homes for sale in October 2024, a 2.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Central Torrance housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Torrance, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Central Torrance in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 0% were sold at asking, and 62% were sold over asking.
Days on Market for Central Torrance, CA
How long does it take to sell a home in Central Torrance, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +43.7% |
Summary: Homes in Central Torrance had an average of 26 days on market in Oct 2024, up by 43.7% compared to last month.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Torrance are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Central Torrance; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.