Torrance Market Update - April 2023
Total of 46 single family homes sold in Torrance in April. The average sold price was $1,195,116; median price was $1,105,500. The lowest sold price was $520,000, the highest was $2,340,000. Number of sales went down compared to 12 months ago from 76 to 46 - 39% drop. The average sold price was down by 8 percent; the median price was down by 15 percent. Homes listed for sale stayed on the market longer, on average 27days vs. 10 days a year ago. See below for detailed information ((all data is for single family homes only - source CRMLS):
This data indicates a buyer's market in Torrance CA. Homebuyers don't have to compete for properties as it was a case in the past few years.
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