$10,000 Closing Credit*
$1,299,000
2,352 SqFt
3 Beds
•2 Full Baths
Morrine Robey, Listing Office: Re/Max Estate Properties
Is West 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, West Torrance has remained a Seller's Market.
Key Takeaway
West Torrance is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Torrance, CA
How much do homes in West Torrance, CA cost?
Median Sold Price
$1,435,000
$851/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$183,000(+14.6%)
Key Takeaway
Homes in West Torrance have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in West Torrance was $1,435,000 in November 2024, up 14.6% from last year, and the median price per square foot was $851.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $842.5K | N/A |
| 3 Bedrooms | $1.2M | $1.3M | +15.0% |
| 4 Bedrooms | $1.4M | $1.7M | +25.2% |
| 5+ Bedrooms | $1.5M | $1.8M | +20.0% |
Summary: West Torrance housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Torrance | $857.5K | $1.0M | +20.5% |
| West Torrance | $1.2M | $1.4M | +14.6% |
| South Bay | $1.1M | $1.2M | +8.1% |
| S. Redondo Beach N. of Torrance Blvd. | $1.5M | $1.5M | +6.0% |
| N. Redondo Beach / El Nido | $1.2M | $1.2M | +4.6% |
Housing Supply in West Torrance, CA
How many homes are available in West Torrance, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Summary: The West Torrance real estate market had 20 homes for sale in November 2024, a 28.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 10 | 7 | -30.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The West 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 remained the same, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Torrance, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Torrance in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for West Torrance, CA
How long does it take to sell a home in West Torrance, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 32 Days | +145.7% |
Summary: Homes in West Torrance had an average of 32 days on market in Nov 2024, up by 145.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Torrance are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in West Torrance; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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.