$8,301 Closing Credit*
$699,000
1,250 SqFt
3 Beds
•2 Full Baths
Lori Desantis, Listing Office: T.N.G. Real Estate Consultants
Is Ontario, 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, Ontario has remained a Seller's Market.
Key Takeaway
Ontario is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ontario, CA
How much do homes in Ontario, CA cost?
Median Sold Price
$655,083
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,909(+4.8%)
Key Takeaway
Homes in Ontario have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Ontario was $655,083 in October 2024, up 4.8% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $330K | -12.0% |
| 2 Bedrooms | $477.5K | $519.5K | +8.8% |
| 3 Bedrooms | $607.9K | $646.2K | +6.3% |
| 4 Bedrooms | $710K | $760K | +7.0% |
| 5+ Bedrooms | $840K | $887.5K | +5.7% |
Summary: Ontario housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Chino | $699.9K | $742.7K | +6.1% |
| Rancho Cucamonga | $724.4K | $763.8K | +5.4% |
| Ontario | $625.1K | $655K | +4.8% |
| Upland | $770.3K | $800K | +3.9% |
Housing Supply in Ontario, CA
How many homes are available in Ontario, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 341 | 351 | +2.9% |
Summary: The Ontario real estate market had 351 homes for sale in October 2024, a 2.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 65 | 64 | -1.5% |
| 3 Bedrooms | 144 | 146 | +1.4% |
| 4 Bedrooms | 92 | 98 | +6.5% |
| 5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The Ontario housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 77 | 90 | +16.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ontario, you could pay more than the asking price. 45.6% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Ontario in October 2024, up by 16.9% month-over-month. Of the 90 sold homes, 30% were sold under asking, 24% were sold at asking, and 46% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 30 Days | +33.2% |
Summary: Homes in Ontario had an average of 30 days on market in Oct 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ontario are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 90 homes were sold in Ontario; 64% of homes were sold within 30 days, 30% 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.