37 homes in 90505
Homes for Sale in 90505
Torrance, CA
About 90505 Real Estate
About Torrance: The 90505 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 90505 area has 37 homes for sale with a median listing price of $1.3M. The average price per square foot is $791.
90505 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 1.7 months of supply, and sale prices are up 13% over the last six months and 11% over the past year. At the same time, 46% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.30M
↑ 11% 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
1.7 months of supply
Tight Supply37 active listings against the current sales pace works out to about 1.7 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 ~47 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 30% 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 59% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 90505 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
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $498K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$895K)
Price Reductions
17 listings have reduced their price
46% of active listings
Average reduction: 5.3% (~$69K)
90505 Housing Market Overview
Buyers in the 90505 ZIP code are looking at a median list price of $1.3M. That runs roughly 39.7% higher than Torrance as a whole. Since February, the median price has moved up about 3.0% to $1.6M as of July. The 90505 ZIP code has 37 active listings on the market right now.
Explore Nearby Cities
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Frequently Asked Questions about Homes for Sale in 90505, CA
How many homes are for sale in 90505, CA?
There are currently 37 homes for sale in 90505, ranging from $154,900 to $3,195,000. 1 of them hit the market within the last week.
What is the median home price in 90505?
The median list price in 90505 is $1,298,000. Price per square foot averages $791. Prices are up 11.4% compared to a year ago.
How fast do homes sell in 90505?
Homes in 90505 currently average 47 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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