Is Fontana, 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, Fontana has remained a Seller's Market.
Key Takeaway
Fontana is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fontana, CA
How much do homes in Fontana, CA cost?
Median Sold Price
$615,458
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fontana have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Fontana was $615,458 in May 2024, up 2.6% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $361.1K | $403.5K | +11.7% |
| 2 Bedrooms | $435K | $455K | +4.6% |
| 3 Bedrooms | $550K | $571.2K | +3.9% |
| 4 Bedrooms | $665K | $691K | +3.9% |
| 5+ Bedrooms | $743K | $770.7K | +3.7% |
Summary: Fontana housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Rancho Cucamonga | $710K | $750K | +5.6% |
| Jurupa | $719.9K | $759.9K | +5.6% |
| Rialto | $539.8K | $567.5K | +5.1% |
| Fontana | $600K | $615.4K | +2.6% |
| Mount Baldy-Wrightwood | $462K | $437K | -5.4% |
Housing Supply in Fontana, CA
How many homes are available in Fontana, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 341 | 345 | +1.2% |
Summary: The Fontana real estate market had 345 homes for sale in May 2024, a 1.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 21 | -4.5% |
| 3 Bedrooms | 159 | 156 | -1.9% |
| 4 Bedrooms | 122 | 134 | +9.8% |
| 5+ Bedrooms | 37 | 33 | -10.8% |
Summary: The Fontana housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes decreased by 10.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 102 | +7.4% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fontana, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.
Summary: A total of 102 homes were sold or pending in Fontana in May 2024, up by 7.4% month-over-month. Of the 102 sold homes, 24% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Fontana, CA
How long does it take to sell a home in Fontana, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 17 Days | -39.2% |
Summary: Homes in Fontana had an average of 17 days on market in May 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fontana are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 102 homes were sold in Fontana; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% 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.