Is Colton, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Colton has remained a Seller's Market.
Key Takeaway
Colton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colton, CA
How much do homes in Colton, CA cost?
Median Sold Price
$483,300
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Colton have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Colton was $483,300 in June 2024, up 3.9% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.9K | $250K | +14.7% |
| 2 Bedrooms | $369K | $400K | +8.4% |
| 3 Bedrooms | $470K | $490K | +4.3% |
| 4 Bedrooms | $524.7K | $547.5K | +4.3% |
| 5+ Bedrooms | $580K | $698.3K | +20.4% |
Summary: Colton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 20.4%.
Median Sold Price Compared To Nearby Cities
| Grand Terrace | $515.5K | $580K | +12.5% |
| Rialto | $540K | $570K | +5.6% |
| San Bernardino | $453K | $475K | +4.8% |
| Colton | $465K | $483.3K | +3.9% |
| Loma Linda | $580K | $592.6K | +2.2% |
Housing Supply in Colton, CA
How many homes are available in Colton, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 99 | 100 | +1.0% |
Summary: The Colton real estate market had 100 homes for sale in June 2024, a 1.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 42 | 38 | -9.5% |
| 4 Bedrooms | 18 | 22 | +22.2% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Colton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colton, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Colton in June 2024, up by 13.0% month-over-month. Of the 26 sold homes, 38% were sold under asking, 23% were sold at asking, and 38% were sold over asking.
Days on Market for Colton, CA
How long does it take to sell a home in Colton, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | +2.1% |
Summary: Homes in Colton had an average of 31 days on market in Jun 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Colton are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 26 homes were sold in Colton; 62% of homes were sold within 30 days, 35% 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.