Home Values

Torrance Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$700,100

  • 5.3% 1-year change
  • -0.5% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Torrance is $700,100. Torrance home values have gone up 5.3% over the past year and Zillow predicts they will fall -0.5% within the next year. The median list price per square foot in Torrance is $407, which is higher than the Los Angeles Metro average of $338. The median price of homes currently listed in Torrance is $640,000 while the median price of homes that sold is $641,050.

Foreclosures will be a factor impacting home values in the next several years. In Torrance 1.7 homes are foreclosed (per 10,000). This is lower than the Los Angeles Metro value of 2.0 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Torrance is 3.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Torrance homeowners underwater on their mortgage is 5.3%, which is lower than Los Angeles Metro at 9.4%.

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Relative ZHVI
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Torrance Market Overview

Data through Jan 31, 2015
  • $700,100 ZHVI
  • -0.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $640,000 Median listing price
  • $641,050 Median sale price
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Torrance Market Health

Data through Jan 31, 2015
  • 8.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 5.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes Torrance
2 homes Los Angeles Metro
4 homes United States
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Neighborhoods in Torrance

Name Median ZHVI
Delthome $762,300
Torrance Heights Civic $734,200
Madrona $704,600
Name Median ZHVI
Summerwind $517,800
New Horizons South Bay $381,300
 

Listings & Sales

Data through Jan 31, 2015
  • $407 Median list price / sq ft
  • $415 Median sale price / sq ft
  • No data Listings with price cut
6.5%
Sold below listing
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Torrance Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,787 Torrance
    $2,460 Los Angeles Metro
    $1,350 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.91 Rent list price / sq ft
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