47 homes in 90502
Homes for Sale in 90502
Torrance, CA
About 90502 Real Estate
About Torrance: The 90502 ZIP code is in Torrance, CA. Torrance is a city in the Los Angeles metropolitan area in southwestern Los Angeles County, California, United States, founded in 1912, neighboring Redondo Beach, Rolling Hills Estates, Palos Verdes Estates, Lomita, Gardena, Lawndale, and Alondra Park, as well as the Los Angeles neighborhoods of Harbor City and Harbor Gateway. The city is part of what is known as the South Bay region.
Today, the 90502 area has 47 homes for sale with a median listing price of $649K. The average price per square foot is $579.
90502 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 6.7 months of supply is more than current demand absorbs, and the typical home takes about 67 days to sell. At the same time, selling times have improved 53% versus six months ago, and sales volume is up 12% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$649K
↓ 12% 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
6.7 months of supply
Ample Supply47 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~67 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 53% 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 40% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 90502 Area
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)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $176K in value on average.
Price Reductions
19 listings have reduced their price
40% of active listings
Average reduction: 7.1% (~$46K)
Explore Nearby Cities
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Frequently Asked Questions about Homes for Sale in 90502, CA
How many homes are for sale in 90502, CA?
There are currently 47 homes for sale in 90502, ranging from $268,000 to $1,995,000. 2 of them hit the market within the last week.
What is the median home price in 90502?
The median list price in 90502 is $649,000. Price per square foot averages $579. Prices are down 11.9% compared to a year ago.
How fast do homes sell in 90502?
Homes in 90502 currently average 68 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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