Is Colton, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colton is a seller's market

Buyer's
Market

Difference Since September 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

$495,000

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$27,000(+5.8%)

Key Takeaway

Homes in Colton have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Colton was $495,000 in September 2024, up 5.8% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $232.5K$261.5K
+12.5%
2 $363K$400K
+10.2%
3 $470K$500K
+6.4%
4 $542.5K$565K
+4.1%
5+ $668K$679.9K
+1.8%

Summary: Colton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Cities

Grand Terrace
+10.8%
Rialto
+7.0%
San Bernardino
+6.8%
Loma Linda
+6.6%
Colton
+5.8%

Housing Supply in Colton, CA

How many homes are available in Colton, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
114109-4.4%

Summary: The Colton real estate market had 109 homes for sale in September 2024, a 4.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 77
0.0%
2 2223
+4.5%
3 4242
0.0%
4 3228
-12.5%
5+ 119
-18.2%

Summary: The Colton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3029-3.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colton, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Colton in September 2024, down by 3.3% month-over-month. Of the 29 sold homes, 24% were sold under asking, 31% were sold at asking, and 45% 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

Sep 2023Sep 2024CHANGE
29 Days38 Days+29.4%

Summary: Homes in Colton had an average of 38 days on market in Sep 2024, up by 29.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 29 homes were sold in Colton; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% 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 Sep 1, 2024

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