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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Corona is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Corona, CA

How much do homes in Corona, CA cost?

Median Sold Price

$725,179

$383/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,976(+1.7%)

Key Takeaway

Homes in Corona have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Corona was $725,179 in February 2024, up 1.7% from last year, and the median price per square foot was $383.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $347K$360K
+3.7%
2 $447.5K$539K
+20.4%
3 $655K$670K
+2.3%
4 $785K$768.9K
-2.0%
5+ $973.5K$930K
-4.5%

Summary: Corona housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Cities

Chino Hills
+4.4%
Lake Mathews
+4.0%
Norco
+3.2%
Corona
+1.7%
Jurupa
-0.2%

Housing Supply in Corona, CA

How many homes are available in Corona, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4104100.0%

Summary: The Corona real estate market had 410 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1111
0.0%
2 5962
+5.1%
3 137132
-3.6%
4 139139
0.0%
5+ 6466
+3.1%

Summary: The Corona housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 3.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
102107+4.9%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Corona, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.

Summary: A total of 107 homes were sold or pending in Corona in February 2024, up by 4.9% month-over-month. Of the 107 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for Corona, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days31 Days-42.7%

Summary: Homes in Corona had an average of 31 days on market in Feb 2024, down by 42.7% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 107 homes were sold in Corona; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% 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 1 Day Ago

Newest Listings in Corona, CA

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