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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fontana is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Fontana, CA

How much do homes in Fontana, CA cost?

Median Sold Price

$600,851

$341/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$19,068(-3.1%)

Key Takeaway

Homes in Fontana have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Fontana was $600,851 in February 2024, down 3.1% from last year, and the median price per square foot was $341.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $365K$361.1K
-1.1%
2 $440K$443.6K
+0.8%
3 $560K$557.4K
-0.5%
4 $679.2K$678.2K
-0.1%
5+ $758K$770.9K
+1.7%

Summary: Fontana housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Rialto
+1.9%
Rancho Cucamonga
+1.7%
Jurupa
-0.2%
Fontana
-3.1%
Mount Baldy-Wrightwood
-5.9%

Housing Supply in Fontana, CA

How many homes are available in Fontana, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
290299+3.1%

Summary: The Fontana real estate market had 299 homes for sale in February 2024, a 3.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 32
-33.3%
2 2021
+5.0%
3 132144
+9.1%
4 105101
-3.8%
5+ 3031
+3.3%

Summary: The Fontana housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 3.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6691+37.9%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

45 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fontana, you could pay more than the asking price. 49.5% of homes here sold above asking price last month.

Summary: A total of 91 homes were sold or pending in Fontana in February 2024, up by 37.9% month-over-month. Of the 91 sold homes, 25% were sold under asking, 25% were sold at asking, and 49% were sold over asking.

Days on Market for Fontana, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days30 Days-32.7%

Summary: Homes in Fontana had an average of 30 days on market in Feb 2024, down by 32.7% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 91 homes were sold in Fontana; 67% of homes were sold within 30 days, 24% 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 3 Days Ago

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