Is Corona, 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, Corona has remained a Seller's Market.
Key Takeaway
Corona is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Corona, CA
How much do homes in Corona, CA cost?
Median Sold Price
$739,090
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Corona have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Corona was $739,090 in May 2024, up 6.3% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349K | $373.5K | +7.0% |
| 2 Bedrooms | $480.5K | $540K | +12.4% |
| 3 Bedrooms | $645K | $680K | +5.4% |
| 4 Bedrooms | $759.9K | $790K | +4.0% |
| 5+ Bedrooms | $950K | $940K | -1.1% |
Summary: Corona housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Chino Hills | $854.2K | $970K | +13.5% |
| Norco | $800K | $880K | +10.0% |
| Corona | $695K | $739K | +6.3% |
| Lake Mathews | $756.7K | $800K | +5.7% |
| Jurupa | $719.9K | $759.9K | +5.6% |
Housing Supply in Corona, CA
How many homes are available in Corona, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 515 | 505 | -1.9% |
Summary: The Corona real estate market had 505 homes for sale in May 2024, a 1.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 16 | -11.1% |
| 2 Bedrooms | 68 | 82 | +20.6% |
| 3 Bedrooms | 151 | 141 | -6.6% |
| 4 Bedrooms | 187 | 177 | -5.3% |
| 5+ Bedrooms | 91 | 89 | -2.2% |
Summary: The Corona housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 20.6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 143 | 147 | +2.8% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Corona, you could pay more than the asking price. 53.7% of homes here sold above asking price last month.
Summary: A total of 147 homes were sold or pending in Corona in May 2024, up by 2.8% month-over-month. Of the 147 sold homes, 25% were sold under asking, 21% were sold at asking, and 54% were sold over asking.
Days on Market for Corona, CA
How long does it take to sell a home in Corona, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 25 Days | -49.0% |
Summary: Homes in Corona had an average of 25 days on market in May 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Corona are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 147 homes were sold in Corona; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.