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2022 Torrance Real Estate Recap – By the Numbers

January 16, 2023 by Keith Kyle

Let’s take a quick look at the Torrance real estate market in 2022 and how each month fared. Belmar homes

There were 1,103 homes, condos and townhomes  in Torrance sold during 2022 with an average “list” price of $997,659 and an average sold price of $1,029,793. The median listing price was $949,888 and the median sold price was $960,000. Homes averaged only 18 days on the market before going into escrow. The median days on market was an incredibly low 9 before going into escrow.

As is the norm the summer months were the busiest with the market much slower from December through April.

If you’re looking towards the future and not the past, search the current homes for sale in Torrance CA.

Date Jan Feb March April May June July August Sept Oct Nov Dec
For Sale 47 52 76 67 101 150 135 137 126 139 113 91
Sold 76 71 107 129 109 111 111 87 84 77 61 74
Avg. List Price $928K $1,018M $1,112M $1,153M $1,246M $1,119M $1,159M $1,139M $ 1,165M $1,083M $1,032M $1,018M
Avg. Sold Price $963K $ 968K $1.056M $1,048M $ 1,111M $1,063M $1,027M $1,047M $1,004M $1,043M $ 976K $ 967K
Avg. Sq. Ft. Price (Sold) 641 700 667 701 753 710 689 668 673 671 616 601
Avg Days on Market 20 14 10 12 11 9 15 17 24 27 28 43

 

Filed Under: Buyers, Homes for Sale, Torrance CA real estate market, Torrance home prices, Torrance homes for sale, Torrance Real Estate, Torrance real estate trends, Torrance Realtors Tagged With: real estate in torrance ca, torrance home sales, torrance real estate, torrance real estate market

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