Torrance CA Market Report - Feb '22

By
Real Estate Broker/Owner with Broker California Lic 01485187

Torrance CA Market Report - Feb '22real estate market report

Torrance CA real estate market data suggest continuing seller's market.  Low inventory and home buyers trying to take advantage of low interest rates before the Fed hikes, create the imbalance resulting in multiple offers and rising prices.

As you'll see below, home prices in Torrance increased by 12%, both average and median sold prices, for single family homes.

Torrance  Torrance Feb '22 Torrance Feb'21 Difference
Number of sales 48 43 +12%
Median sold price $1,050,000 $940,000 +12%
Average sold price $1,097,379 $977,042 +12%
Days on market 17 16 +1

Data for single family homes only from CRMLS

The lowest sales price for a house in Torrance was $625,000, the highest was $1,700,000.

Real estate is local - every neighborhood or community is different.  If you're considering selling your home, Contact us and we'll provide you with a free local market report and free home evaluation. Call (310)918-5027 to set up a no-obligation consultation.

Click below for an instant value report:

How Much Is Your Home Worth?

Torrance CA Market Report - Feb '22

Posted by

If you are Buying, Selling or Relocating to the South Bay Los Angeles area and need help from the experienced, professional REALTOR®, I would be happy to assist you! Call (310)918-5027 or visit my South Bay real estate website for Free property searches and to sign up for free listing alerts, Redondo Beach, Torrance, Beach Cities real estate resources Free Home Evaluation and more!  Find me online:

  GooglePlus iconFacebook iconTwitter iconYoutube iconLinkedIn icon

Comments (1)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Krystyna and thank you for the great information in your blog.  Hope you have a great weekend!

 

Mar 19, 2022 12:40 PM