$3,750,000
2.00 Acres
Land
Gary Nickels, Listing Office: KELLER WILLIAMS REALTY
Is Norco, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$100,000(+12.5%)
Key Takeaway
Homes in Norco have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Norco was $900,000 in October 2024, up 12.5% from last year, and the median price per square foot was $465.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $607K | $670K | +10.4% |
| 3 Bedrooms | $722.5K | $790K | +9.3% |
| 4 Bedrooms | $852K | $1.0M | +17.4% |
| 5+ Bedrooms | $1.1M | $1.2M | +7.6% |
Summary: Norco housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Norco, CA
How many homes are available in Norco, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 76 | +15.2% |
Summary: The Norco real estate market had 76 homes for sale in October 2024, a 15.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 15 | 19 | +26.7% |
Summary: The Norco housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norco, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Norco in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 26 Days | -25.5% |
Summary: Homes in Norco had an average of 26 days on market in Oct 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 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 October 2024, 16 homes were sold in Norco; 56% of homes were sold within 30 days, 44% 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.