Torrance, CA Real Estate Market

With only 96 active listings and homes sitting on market for a median of just 22 days, sellers are operating in a favorable environment with limited competition. Listing at or near the median asking price of $1,450,000 for single-family homes positions you well within a market that is currently rated hot.

Buyers in 90503 should be prepared to move decisively, as the median days on market is only 22 days and the market temperature is rated 80 out of 100. Single-family asking prices range broadly by bedroom count, from $569,000 for a 1-bedroom to $1,675,000 for a 4-bedroom, so identifying your target size early will help narrow your search efficiently.

With a median asking rent of $2,700 per month and 126 rental units currently available, the Torrance rental market offers meaningful inventory to analyze for acquisition opportunities. A 3-bedroom rental asking $4,500 per month compared to a 3-bedroom purchase asking $1,100,000 highlights the scale of capital required relative to potential income, making careful underwriting essential at current price levels.

The 30-year fixed mortgage rate stands at 6.66% and the 15-year fixed at 5.98% as of this report, meaningfully impacting monthly payment calculations on a median asking price of $1,450,000. Buyers who can qualify for the 15-year term would carry a rate nearly 70 basis points lower, though the shorter amortization period significantly increases the required monthly payment.