Torrance Market Year End Review for 2024
Torrance market in 2024 was characterized by stagnant single family home sales and rising prices. Below is the latest detailed real estate market report for Torrance – the largest South Bay LA market. Torrance CA market represents the South Bay perfectly. However, the real estate is local and prices are local. If you’d like a more precise analysis of your neighborhood, we’ll be happy to provide it anytime with no obligation.
In Torrance, single family home average sales price was $1,253,231 which was 8 percent higher than a year ago. The median price was $1,205,000 compared to $1,125,000 in 2023. The price per sq ft was $799 vs $746 a year ago. All data is for single family homes Torrance Real Estate only and it is based on our local MLS (Multiple Listing Service). Torrance 55+ senior condo market follows this market trend closely.
You can create your own market report for any market, city, zip code, area, property type, save and receive email update. 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 with any questions.
Contact us if you’re thinking about selling your Torrance property. Call (310)918-5027 for your Free home evaluation.
TORRANCE
Single Family Homes
| Torrance | 2024 | 2023 | Difference |
| No. of Sales | 615 | 629 | -2% |
| Average Price | $1,253,231 | $1,155,693 | +8% |
| Median Price | $1,205,000 | $1,125,000 | +7% |
| Days on Market | 19 | 22 | -3 days |
Currently the average listing price in Torrance is $1,229. Click below for details:
