$10,000 Closing Credit*
$979,000
1,404 SqFt
3 Beds
•2 Full Baths, 1 Partial
Becky Park, Listing Office: Peninsula Realty, 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 November 2023
At the same time last year, Central Torrance was a Neutral 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
$1,033,000
$663/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$175,500(+20.5%)
Key Takeaway
Homes in Central Torrance have sold for 20.5% more than they did a year ago.
Summary: The median home sold price in Central Torrance was $1,033,000 in November 2024, up 20.5% from last year, and the median price per square foot was $663.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $498.1K | $650K | +30.5% |
| 2 Bedrooms | $770K | $820K | +6.5% |
| 3 Bedrooms | $1.0M | $1.1M | +6.6% |
| 4 Bedrooms | $1.2M | $1.3M | +14.3% |
| 5+ Bedrooms | $1.8M | $1.5M | -16.3% |
Summary: Central Torrance housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 16.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Torrance | $857.5K | $1.0M | +20.5% |
| South Bay | $1.1M | $1.2M | +8.1% |
| Old Torrance | $850K | $905K | +6.5% |
| N. Torrance - East | $945K | $986.5K | +4.4% |
| N. Torrance - West | $955K | $980K | +2.6% |
Housing Supply in Central Torrance, CA
How many homes are available in Central Torrance, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Summary: The Central Torrance real estate market had 28 homes for sale in November 2024, a 22.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central Torrance housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Torrance, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Central Torrance in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 7 Days | 21 Days | +177.2% |
Summary: Homes in Central Torrance had an average of 21 days on market in Nov 2024, up by 177.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 8 homes were sold in Central Torrance; 88% of homes were sold within 30 days, 13% 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.