$4,334 Closing Credit*
$365,000
2,517 SqFt
4 Beds
•2 Full Baths
Nicole Waguespack, Listing Office: NOLA Living Realty
Is Norco, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Norco was a Seller's Market.
Key Takeaway
Norco is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Norco, LA
How much do homes in Norco, LA cost?
Median Sold Price
$237,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,500(+17.6%)
Key Takeaway
Homes in Norco have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in Norco was $237,500 in October 2024, up 17.6% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $160K | $125.7K | -21.4% |
| 3 Bedrooms | $209K | $220K | +5.3% |
| 4 Bedrooms | $250K | $270K | +8.0% |
| 5+ Bedrooms | - | $315K | N/A |
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 decreased by 21.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.
Housing Supply in Norco, LA
How many homes are available in Norco, LA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Norco real estate market had 10 homes for sale in October 2024, a 42.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norco, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Norco in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Norco, LA
How long does it take to sell a home in Norco, LA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 62 Days | +6100.0% |
Summary: Homes in Norco had an average of 62 days on market in Oct 2024, up by 6100% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Norco has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Norco; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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