Is Rialto, 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, Rialto has remained a Seller's Market.
Key Takeaway
Rialto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rialto, CA
How much do homes in Rialto, CA cost?
Median Sold Price
$567,583
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rialto have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Rialto was $567,583 in May 2024, up 5.1% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $400K | $380K | -5.0% |
| 3 Bedrooms | $520K | $540.6K | +4.0% |
| 4 Bedrooms | $565K | $595K | +5.3% |
| 5+ Bedrooms | $650K | $653.3K | 0.5% |
Summary: Rialto housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Rialto | $539.8K | $567.5K | +5.1% |
| Colton | $465K | $483K | +3.9% |
| San Bernardino | $454.9K | $472.5K | +3.9% |
| Fontana | $600K | $615.4K | +2.6% |
Housing Supply in Rialto, CA
How many homes are available in Rialto, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 173 | 160 | -7.5% |
Summary: The Rialto real estate market had 160 homes for sale in May 2024, a 7.5% decrease 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 83 | 73 | -12.0% |
| 4 Bedrooms | 57 | 61 | +7.0% |
| 5+ Bedrooms | 27 | 19 | -29.6% |
Summary: The Rialto 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 increased by 20%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 29.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 46 | -22.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rialto, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Rialto in May 2024, down by 22.0% month-over-month. Of the 46 sold homes, 26% were sold under asking, 24% were sold at asking, and 50% were sold over asking.
Days on Market for Rialto, CA
How long does it take to sell a home in Rialto, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 23 Days | -20.1% |
Summary: Homes in Rialto had an average of 23 days on market in May 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rialto are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 46 homes were sold in Rialto; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% 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.