Torrance, CA Housing Market
Median List Price
$935,000
Updated August 2026
Today, Torrance has 190 homes for sale at a median list price of $935,000, typically selling in about 50 days.
Torrance Market Analysis
Buyers in Torrance, CA are looking at a median list price of $935,000. Per square foot, the median stands at $655. Since February, the median price has moved up about 13.4% to $1.1M as of July.
It takes about 12 days for the typical home here to go under contract. That is a quick turnaround, so buyers who wait on a well priced home often miss it. Torrance, CA has 190 active listings on the market right now. 75 new listings came on the market in the last 30 days.
Pricing spreads from a $460,000 median for one bedroom homes to $2M for six bedroom homes. Most of what is for sale here is single family homes, about 48.9% of the mix, with condos accounting for another 27.4%. The area spans the 90501, 90502, 90505, 90503, and 90504 ZIP codes.
Torrance Rental Market
Renters in Torrance, CA are looking at a median asking rent of $4,100. Since February, the median rent has moved down about 22.4% to $3,100 as of July. Torrance, CA has 62 active rental listings on the market right now.
Torrance Market Pulse
Topfind Market Read
The picture is mixed here. There is only 2.4 months of supply, yet 36% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$935K
↑ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.4 months of supply
Tight Supply190 active listings against the current sales pace works out to about 2.4 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~50 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 31% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 53% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Torrance
Homeownership is near the state average, with a balanced mix of owners and renters.
55%
Homeowners
45%
Renters
Homeownership is 0.5 points lower than the California average (55.5%)
55,317 households (2023)
Affordability Snapshot
Typical home cost
$6,306/mo
Actual housing expense
Affordable budget (28%)
$2,639/mo
Based on median income
Median household income
$9,425/mo
Torrance
A typical home costs about 67% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$270K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $266K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$395K)
Price Reductions
69 listings have reduced their price
36% of active listings
Average reduction: 6.6% (~$62K)
Browse Torrance Listings
Frequently Asked Questions about the Torrance, CA Housing Market
What is the median home price in Torrance, CA?
The median list price in Torrance is $935,000 as of August 2026, based on 190 active listings.
Is Torrance a buyer's market or a seller's market?
Torrance currently reads as a balanced market. Active inventory works out to about 2.4 months of supply at the recent sales pace.
How fast do homes sell in Torrance?
Homes that closed in the last 90 days typically went under contract in about 12 days. The average home currently for sale has been on the market for 50 days.
Are home prices in Torrance going up or down?
The median sale price in Torrance is up about 4.1% compared with a year ago.
How many homes are for sale in Torrance, CA?
There are 190 homes for sale in Torrance right now, including 19 listed within the last week.
What is the median rent in Torrance?
The median asking rent in Torrance is $4,100 per month, across 62 active rental listings.