Torrance, CA Home Values & Market Trends
Real estate market trends reflect that there have been 1,389 transactions over the past year in Torrance. The median value for residential home transactions that occurred over the previous year is $1,060,203.76. The number of current listings in Torrance is 126, and the percentage of properties for sale in the city is 126.00%. Torrance, CA currently has 77 properties in foreclosure, 3 bank owned properties, 12 properties headed for auction, and 126 properties for sale.
Torrance, CA Real Estate Market Overview
Housing Market Summary for Torrance, CA
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $899K | $1M | 15.39% |
Median Sold Price | $1.1M | $1M | -2.92% |
Homes For Sale | 122 | 118 | -3.28% |
Homes Sold | 1,278 | 1,238 | -3.13% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Torrance, CA
Browse Homes in Torrance, CA
Torrance home values range from $148,650 to $3,689,000. The median estimated value of a home in Torrance is $1,060,203.76. The median list price of a home is 934,450, and the total count of properties in the city is 41,759.
- Pre-ForeclosurePre-foreclosure homes account for 0.15% of all residential properties in Torrance, CA with 90501 containing 22 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 7 zips within Torrance, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,410,000 in 90505 to the lowest home value of $410,500 in 90501.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Torrance, CA ranges from the highest value of $1,761,000 in 90502 to the lowest value of $892,500 in 90504. Bank owned homes and properties account for 0.01% of properties in Torrance, CA. There are 7 zips within Torrance, CA; 90504 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions90505 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Torrance, CA. Auction homes and other auction properties account for 0.03% of all properties in Torrance, CA. There are 7 zips within Torrance, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,673,000 in 90503 to the lowest value of $389,000 in 90503.
Compare Nearby Cities
More Real Estate Resources for Torrance, CA
Guide for Torrance, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.
The Fremont, California real estate market experienced considerable fluctuation throughout 2023 and into 2024, with significant peaks and stabilization across various parameters.