$10,000 Closing Credit*
$1,085,000
1,823 SqFt
3 Beds
•2 Full Baths
Juan Carlos Ayala, Listing Office: Executive Bankers Realty
Is Norco, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Norco has remained a Seller's Market.
Key Takeaway
Norco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norco, CA
How much do homes in Norco, CA cost?
Median Sold Price
$900,000
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$95,000(+11.8%)
Key Takeaway
Homes in Norco have sold for 11.8% more than they did a year ago.
Summary: The median home sold price in Norco was $900,000 in November 2024, up 11.8% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $608.5K | $660K | +8.5% |
| 3 Bedrooms | $720K | $825K | +14.6% |
| 4 Bedrooms | $862.5K | $1.0M | +15.9% |
| 5+ Bedrooms | $1.1M | $1.2M | +7.1% |
Summary: Norco housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in Norco, CA
How many homes are available in Norco, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 61 | -16.4% |
Summary: The Norco real estate market had 61 homes for sale in November 2024, a 16.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 29 | 22 | -24.1% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Norco housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norco, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Norco in November 2024, down by 6.3% month-over-month. Of the 15 sold homes, 60% were sold under asking, 13% were sold at asking, and 27% were sold over asking.
Days on Market for Norco, CA
How long does it take to sell a home in Norco, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 18 Days | -58.0% |
Summary: Homes in Norco had an average of 18 days on market in Nov 2024, down by 58% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norco are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Norco; 80% of homes were sold within 30 days, 20% 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.