Here’s a brief overview of the real estate market that was for Torrance last month. August 2021 was another blazing hot month for home sales in the South Bay’s biggest city. There were 123 homes in Torrance that closed escrow during the month. The median sales price of $900,000 and most homes sold WAY above the asking price. Homes averaged a very brief 13 days on market before going into escrow and the average price per foot was $641.
See how this compares with other months on our Torrance real estate trends and statisics page.
View the current homes for sale in Torrance California
throughout Torrance during the first month of 2021. There were 78 property sales in Torrance during the month which was the lowest number of home sales since last May when only 50 homes closed escrow. The median “asking” price of the homes that sold in January 2021 was $804,500 with the median “sold” price at $817,500 indicating a very solid “seller’s” market and meaning that most homes sold well over the asking price. The median price per foot of the homes that sold was $567. See how January home prices compare with previous months on our 
way down with only 49 total on market closed escrows. Compare that with 123 home sales in May of 2019 and it’s hard to dispute that the concerns and uncertainties of the coronavirus hasn’t had a major impact. That being said the prices were very impressive indicating a very strong seller’s market.