Torrance Market Update - May 2022

How's the market? I get asked this question a lot, especially lately, since it seems the real estate market is changing. It's too early to see the trend, so please contact us for your area update or your home market evaluation. We'll also be posting monthly and quarterly updates here.

Below are stats for last month compared to a year ago.

Torrance May 2022 May 2021 Difference
No. of Homes Sold 73 82 - 9
Median Sold Price $1,225,000 $960,250 +28%
Average Sold Price $1,316,888 $1,104,774 +19%

Data for single family homes only; based on CRMLS

Home sales were strong in Torrance last month, with just a 9 fewer homes sold. Average sold house price was 28% higher as compared to May '21; the median price also went up.

As of today, 94 houses are listed for sale in Torrance; the average listed price is $1,379,307; median is $1,232,000.