Torrance CA Market Report - Feb '22
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: