$461,250
829 SqFt
2 Beds
•2 Full Baths
Farah Shammas Jarrault, Listing Office: Keller Williams South Bay
November 2024
Report Updated 22 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 November 2023
Since last year, Torrance has remained a Seller's Market.
How much do homes in Torrance, CA cost?
$1,039,125
$693/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
Summary: The median home sold price in Torrance was $1,039,125 in November 2024, up 2.3% from last year, and the median price per square foot was $693.
# BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $428.7K | +2.1% |
2 Bedrooms | $709.9K | $745K | +4.9% |
3 Bedrooms | $1.0M | $1.0M | +5.4% |
4 Bedrooms | $1.2M | $1.4M | +9.8% |
5+ Bedrooms | $1.6M | $1.4M | -7.8% |
Summary: Torrance housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 7.8%.
South Bay Cities | $1.6M | $1.8M | +9.4% |
Redondo Beach | $1.4M | $1.4M | +5.2% |
Rolling Hills Estates | $1.6M | $1.6M | +3.9% |
Torrance | $1.0M | $1.0M | +2.3% |
Lomita | $855.5K | $857K | 0.2% |
How many homes are available in Torrance, CA?
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
289 | 253 | -12.5% |
Summary: The Torrance real estate market had 253 homes for sale in November 2024, a 12.5% decrease compared to October 2024.
# BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 13 | -18.8% |
2 Bedrooms | 58 | 49 | -15.5% |
3 Bedrooms | 129 | 109 | -15.5% |
4 Bedrooms | 59 | 57 | -3.4% |
5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Torrance housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 7.4%.
Oct 2024 | Nov 2024 | CHANGE |
---|---|---|
87 | 82 | -5.7% |
32 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Torrance in November 2024, down by 5.7% month-over-month. Of the 82 sold homes, 39% were sold under asking, 15% were sold at asking, and 46% were sold over asking.
How long does it take to sell a home in Torrance, CA?
Nov 2023 | Nov 2024 | CHANGE |
---|---|---|
16 Days | 31 Days | +91.8% |
Summary: Homes in Torrance had an average of 31 days on market in Nov 2024, up by 91.8% compared to last year.
53 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During November 2024, 82 homes were sold in Torrance; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 22 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 12/01/2022 - 12/01/2024
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: 12/23/2024, 10:20:58 AM 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: 12/23/2024, 10:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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