Is Chino Hills, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chino Hills is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Chino Hills has remained a Seller's Market.

Key Takeaway

Chino Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chino Hills, CA

How much do homes in Chino Hills, CA cost?

Median Sold Price

$925,901

$471/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$38,651(+4.4%)

Key Takeaway

Homes in Chino Hills have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Chino Hills was $925,901 in February 2024, up 4.4% from last year, and the median price per square foot was $471.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $437K$420K
-3.9%
2 $549K$534.5K
-2.6%
3 $747K$769K
+2.9%
4 $989K$1.0M
+5.1%
5+ $1.2M$1.3M
+3.7%

Summary: Chino Hills housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Chino Hills
+4.4%
Diamond Bar
+3.6%
Pomona
+1.6%
Chino
+1.1%
Jurupa
-0.2%

Housing Supply in Chino Hills, CA

How many homes are available in Chino Hills, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
110125+13.6%

Summary: The Chino Hills real estate market had 125 homes for sale in February 2024, a 13.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 1010
0.0%
3 3234
+6.3%
4 4652
+13.0%
5+ 2228
+27.3%

Summary: The Chino Hills housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2938+31.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chino Hills, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Chino Hills in February 2024, up by 31.0% month-over-month. Of the 38 sold homes, 42% were sold under asking, 16% were sold at asking, and 42% were sold over asking.

Days on Market for Chino Hills, CA

How long does it take to sell a home in Chino Hills, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
62 Days30 Days-50.4%

Summary: Homes in Chino Hills had an average of 30 days on market in Feb 2024, down by 50.4% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chino Hills are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 38 homes were sold in Chino Hills; 74% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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