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

Housing Market Conditions



Gauge showing Norco is a seller's market


Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Norco, CA

How much do homes in Norco, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Norco have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Norco was $845,000 in February 2024, up 3.2% from last year, and the median price per square foot was $417.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $522.5K-
2 $597K$605K
3 $770K$735K
4 $849K$889K
5+ $1.2M$1.1M

Summary: Norco housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 6.5%.

Median Sold Price Compared To Nearby Cities


Housing Supply in Norco, CA

How many homes are available in Norco, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Norco real estate market had 40 homes for sale in February 2024, a 16.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
2 43
3 1413
4 2315
5+ 68

Summary: The Norco 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 decreased by 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 34.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norco, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Norco in February 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.

Days on Market for Norco, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
55 Days65 Days+17.8%

Summary: Homes in Norco had an average of 65 days on market in Feb 2024, up by 17.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Norco; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 2 Days Ago

Newest Listings in Norco, CA

Nearby Markets to Norco, CA

What housing markets are near Norco, CA?