Median price
for residential apartments
in Torrance, CA
as of May, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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301 Torrance, CA, USA apartments for sale
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Home For Sale In Redondo Beach, California
1917 Grant Avenue, Redondo Beach, CA 90278, USA
5
Bed
4
Bath
3,110
Sq Ft
Home For Sale In Torrance, California
18907 Cranbrook Avenue, Torrance, CA 90504, USA
3
Bed
2
Bath
1,442
Sq Ft
Home For Sale In Rolling Hills Est, California
Chandler Ranch Road, Torrance, CA 90717, USA
5
Bed
6
Bath
4,838
Sq Ft
Single Family Residence, Craftsman
1933 257th Street, Harbor Hills, Lomita, CA 90717, USA
3
Bed
2
Bath
1,441
Sq Ft
Single Family Residence, Modern
1718 Morgan Lane, Redondo Beach, CA 90278, USA
3
Bed
5
Bath
2,181
Sq Ft
Home For Sale In Torrance, California
23401 Shadycroft Avenue, Torrance, CA 90505, USA
3
Bed
2
Bath
1,240
Sq Ft
Condo For Sale In Torrance, California
1948 Oak Street, Torrance, CA 90501, USA
1
Bed
1
Bath
741
Sq Ft
Single-Family Home, Modern
1613 Stanford Avenue, Redondo Beach, CA 90278, USA
3
Bed
4
Bath
2,260
Sq Ft
Single Family Residence, Bungalow
4123 Bailey Drive, Perry, Torrance, CA 90504, USA
3
Bed
1
Bath
1,027
Sq Ft
Condo For Sale In Redondo Beach, California
unnamed road, Redondo Beach, CA 90254, USA
2
Bed
2
Bath
1,463
Sq Ft
Single Family Residence, Craftsman
Alumni House, North Francisca Avenue, Redondo Beach, CA 90277, USA
5
Bed
5
Bath
3,463
Sq Ft
Condo For Sale In Torrance, California
1693 Border Avenue, Torrance, CA 90501, USA
3
Bed
3
Bath
1,356
Sq Ft
Single Family Residence, Traditional
19320 Entradero Avenue, Torrance, CA 90503, USA
4
Bed
3
Bath
2,133
Sq Ft
Home For Sale In Redondo Beach, California
2105 Carnegie Lane, El Nido, Redondo Beach, CA 90278, USA
9
Bed
7
Bath
4,884
Sq Ft
Condo For Sale In Hermosa Beach, California
615 2nd Street, Hermosa Beach, CA 90254, USA
4
Bed
4
Bath
2,330
Sq Ft
Single Family Residence
The Wesleyan Church, 168th Street, Monaco, Lawndale, CA 90260, USA
2
Bed
1
Bath
933
Sq Ft
Home For Sale In Redondo Beach, California
733 South Juanita Avenue, Clifton, Redondo Beach, CA 90277, USA
3
Bed
1
Bath
1,075
Sq Ft
Home For Sale In Torrance, California
1956 Middlebrook Road, Torrance, CA 90501, USA
3
Bed
2
Bath
1,336
Sq Ft
Single Family Residence, Spanish
955 8th Place, Hermosa Beach, CA 90254, USA
4
Bed
3
Bath
2,844
Sq Ft
Townhouse, Modern
2317 Vanderbilt Lane, El Nido, Redondo Beach, CA 90278, USA
4
Bed
3
Bath
2,013
Sq Ft
Torrance
According to statistics, the population in Torrance, CA amounts to 147,190, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $85,070, shifting growth 5% from the past year, and the average property value in Torrance, CA growth 5% to $687,900 throughout the year.
| Population | 147,190 |
| Median Age | 41.7 |
| Poverty Rate | 7% |
| Household Income | $85,070 |
| Number Of Employees | 72,783 |
| Median Property Value | $687,900 |
Household Income
The average household income in Torrance, CA grew from $80,862 to $85,070 in the past year. This data is an estimate based upon 54,904 households in Torrance, CA . The chart below presents how household income is distributed in Torrance, CA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Torrance, CA shifted from $652,600 to $687,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Torrance, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Torrance, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Torrance, CA compared to median property taxes around the country. The prevalent amount of property taxes in Torrance, CA equals $3000, which is less than the national average.
Housing Trends
Average apartment sale in Torrance:
$1,012,906 (-0.6%)
Apartment Size |
May | vs Last Month |
|---|---|---|
| Studio apartments | $126,986 | -45.8% |
| 1-bed apartments | $527,000 | +22.6% |
| 2-bed apartments | $675,984 | -10.3% |
| 3-bed apartments | $1,045,885 | -6.7% |
| 4+ bed apartments | $1,515,024 | +21.3% |
During May 2023, the average price for an apartment in/near Torrance, CA decreased by 0.6% to $1,012,906.
Knowing the current property prices is key if you plan to buy a studio in Torrance, CA. The average price for a studio has decreased since the last month, currently being $126,986. After collecting all data points, we now see that the average price for 1-bed apartment increased by 22.6% to $527,000. Asking price for 2-bed apartment also decreased by 10.3% and a place of this size will now cost you $675,984. A 3-bed apartment goes for $1,045,885, it decreased by 6.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 21.3% and made it up to $1,515,024.
Listing Type |
May | vs Last Month |
|---|---|---|
| Condos for sale | $756,539 | -5.4% |
| Apartments for sale | $126,986 | -45.8% |
| Houses for sale | $1,261,884 | +2.7% |
The average cost of an apartment in Torrance, CA decreased by 45.8% to $126,986. Price reports demonstrate that house price increased by 2.7% this month making it up to $1,261,884. Condos faced an upward trend these days. The median price for a condo decreased by 5.4%, it’s now available for $756,539.
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