Foreclosures in Torrance, CA 90502

Current Market Conditions in Torrance, CA

The real estate market in Torrance has shown considerable strength, with a healthy influx of buyers attracted by the city's quality of life and educational opportunities. Currently, homes in this area are selling quickly, often above the list price, reflecting the high demand in the market. The median home price has increased significantly over the past year, yet the area maintains a relatively affordable entry point compared to nearby beach cities, making it desirable for first-time buyers and investors alike.

The rental market is equally competitive with many prospective tenants seeking residences due to the city's favorable location and amenities. In general, Torrance is experiencing a stable market with solid appreciation trends, supported by its growing job market and community engagement.

Rent Prices In Torrance, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Torrance, CA, is on a rollercoaster ride. The average rent price in Torrance, CA, is $2,931.00. Indeed, when looking to rent in Torrance, CA, you can expect to pay as little as $1,250.00 or as much as $6,500.00, with the average rent median estimated to be $2,840.00. The good news is that finding an affordable and desirable property to rent in Torrance, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.