Is Ontario, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ontario has remained a Seller's Market.
Housing Prices in Ontario, CA
How much do homes in Ontario, CA cost?
Median Sold Price
$650,000
$416/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ontario was $650,000 in May 2024, up 5.9% from last year, and the median price per square foot was $416.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $379.8K | +4.1% |
2 Bedrooms | $470K | $502.5K | +6.9% |
3 Bedrooms | $605K | $635K | +5.0% |
4 Bedrooms | $705K | $750K | +6.4% |
5+ Bedrooms | $820K | $860K | +4.9% |
Summary: Ontario housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Ontario | $613.9K | $650K | +5.9% |
Rancho Cucamonga | $710K | $750K | +5.6% |
Upland | $750K | $785.7K | +4.8% |
Chino | $695K | $722.5K | +4.0% |
Housing Supply in Ontario, CA
How many homes are available in Ontario, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
293 | 305 | +4.1% |
Summary: The Ontario real estate market had 305 homes for sale in May 2024, a 4.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 15 | +7.1% |
2 Bedrooms | 58 | 54 | -6.9% |
3 Bedrooms | 123 | 136 | +10.6% |
4 Bedrooms | 74 | 73 | -1.4% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Ontario housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 104 | +28.4% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Summary: A total of 104 homes were sold or pending in Ontario in May 2024, up by 28.4% month-over-month. Of the 104 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% were sold over asking.
Days on Market for Ontario, CA
How long does it take to sell a home in Ontario, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 23 Days | -0.1% |
Summary: Homes in Ontario had an average of 23 days on market in May 2024, down by 0.1% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 104 homes were sold in Ontario; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.