Torrance Market Report – August ’24
Torrance market has shown signs of slowing down. High interest rates, coming elections as well as the season (end of summer, families have mostly settled down before schools start).
Below is detailed data for Torrance real estate sales, median and average prices in August 2024 compared to August 2023.
Home sales went down drastically by 31 percent. Prices have continued to increase despite slower sales. Average single family home price went up by 7%, the median price went up by 6%. Average price per sq foot is up by 12%. These numbers also apply to 55+ condo and home sales in Torrance 55+ communities.
Every market is local. We invite you to look up your own report for any market, city, zip code, area, property type, save and receive email update – click below.
It’ll help you to be current with your area market conditions. These reports can be helpful if you’re either a buyer or a seller in South Bay LA. Call us at (310)918-5027 or email KrystynaRealEstate@gmail.com with any questions.
Contact us for your Free Home Evaluation. Call (310)918-5027 today. We’ll be happy to help!
TORRANCE
Single Family Homes
| Torrance | May 2024 | May 2023 | Difference |
| No. of Sales | 60 | 56 | +7% |
| Average Price | $1,271,470 | $1,013,489 | +14% |
| Median Price | $1,200,000 | $1,105,000 | +9% |
| Avg Days on Market | 14 | 13 | +2 days |
Below is home sales and price trends for Los Angeles County:
Torrance Market Report in Real Time
Every market is different, sometimes a couple of blocks make a difference in valuation. Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:
Torrance Market Report – August ’24
