$10,000 Closing Credit*
$1,749,000
2,111 SqFt
4 Beds
•3 Full Baths
Lorri Quiett, Listing Office: Vylla Home, Inc.
Is West Torrance, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, West Torrance was a Seller's Market.
Key Takeaway
West Torrance is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Torrance, CA
How much do homes in West Torrance, CA cost?
Median Sold Price
$1,400,000
$853/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$148,000(+11.8%)
Key Takeaway
Homes in West Torrance have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in West Torrance was $1,400,000 in September 2024, up 11.8% from last year, and the median price per square foot was $853.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $650K | $955K | +46.9% |
| 3 Bedrooms | $1.2M | $1.3M | +9.2% |
| 4 Bedrooms | $1.4M | $1.6M | +16.8% |
| 5+ Bedrooms | $1.5M | $1.8M | +17.6% |
Summary: West Torrance housing prices by bedroom type for September 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 9.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Torrance | $850K | $975K | +14.7% |
| West Torrance | $1.2M | $1.4M | +11.8% |
| South Bay | $1.1M | $1.2M | +7.9% |
| S. Redondo Beach N. of Torrance Blvd. | $1.5M | $1.5M | +4.0% |
Housing Supply in West Torrance, CA
How many homes are available in West Torrance, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -12.5% |
Summary: The West Torrance real estate market had 21 homes for sale in September 2024, a 12.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The West Torrance housing inventory by bedroom type for September 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 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Torrance, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West Torrance in September 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 5 Days | 29 Days | +407.5% |
Summary: Homes in West Torrance had an average of 29 days on market in Sep 2024, up by 407.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 September 2024, 2 homes were sold in West Torrance; 50% of homes were sold within 30 days, 50% 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.