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 April 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

$480,666

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,666(+3.4%)

Key Takeaway

Homes in Colton have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Colton was $480,666 in April 2024, up 3.4% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195.5K$245K
+25.3%
2 $377.5K$400K
+6.0%
3 $470K$485K
+3.2%
4 $521K$550K
+5.6%
5+ $637.5K$687.5K
+7.8%

Summary: Colton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Grand Terrace
+14.8%
Rialto
+3.8%
Colton
+3.4%
San Bernardino
+3.3%
Loma Linda
+0.8%

Housing Supply in Colton, CA

How many homes are available in Colton, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8798+12.6%

Summary: The Colton real estate market had 98 homes for sale in April 2024, a 12.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 37
+133.3%
2 2528
+12.0%
3 3235
+9.4%
4 1718
+5.9%
5+ 1010
0.0%

Summary: The Colton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1526+73.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 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. 53.8% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Colton in April 2024, up by 73.3% month-over-month. Of the 26 sold homes, 8% were sold under asking, 38% were sold at asking, and 54% 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

Apr 2023Apr 2024CHANGE
36 Days18 Days-49.5%

Summary: Homes in Colton had an average of 18 days on market in Apr 2024, down by 49.5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 April 2024, 26 homes were sold in Colton; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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 19 Days Ago

Newest Listings in Colton, CA

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