$10,000 Closing Credit*
$1,300,000
1,245 SqFt
3 Beds
•2 Full Baths
Sonji Friedman, Listing Office: Berkshire Hathaway HomeServices California 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 October 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
$1,430,000
$870/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$180,000(+14.4%)
Key Takeaway
Homes in West Torrance have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in West Torrance was $1,430,000 in October 2024, up 14.4% from last year, and the median price per square foot was $870.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $955K | +46.9% |
| 3 Bedrooms | $1.2M | $1.3M | +12.5% |
| 4 Bedrooms | $1.4M | $1.7M | +25.0% |
| 5+ Bedrooms | $1.5M | $1.8M | +26.5% |
Summary: West Torrance housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Neighborhoods
| West Torrance | $1.2M | $1.4M | +14.4% |
| South Bay | $1.1M | $1.2M | +8.1% |
| S. Redondo Beach N. of Torrance Blvd. | $1.5M | $1.5M | +1.9% |
Housing Supply in West Torrance, CA
How many homes are available in West Torrance, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 29 | +38.1% |
Summary: The West Torrance real estate market had 29 homes for sale in October 2024, a 38.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 2 | 10 | +400.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The West Torrance housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 400%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 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. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in West Torrance in October 2024, up by 450.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -6.5% |
Summary: Homes in West Torrance had an average of 23 days on market in Oct 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Torrance are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in West Torrance; 55% of homes were sold within 30 days, 45% 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.