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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norco is a seller's market

Buyer's
Market

Difference Since September 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

$893,500

$463/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$78,500(+9.6%)

Key Takeaway

Homes in Norco have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Norco was $893,500 in September 2024, up 9.6% from last year, and the median price per square foot was $463.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $607K$680K
+12.0%
3 $735K$785K
+6.8%
4 $862.5K$1.0M
+15.9%
5+ $1.1M$1.1M
+3.3%

Summary: Norco housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Cities

Norco
+9.6%
Jurupa
+8.6%
Riverside
+7.6%
Corona
+7.2%

Housing Supply in Norco, CA

How many homes are available in Norco, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6462-3.1%

Summary: The Norco real estate market had 62 homes for sale in September 2024, a 3.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 2021
+5.0%
4 2422
-8.3%
5+ 1213
+8.3%

Summary: The Norco 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 decreased by 28.6%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2114-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 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. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Norco in September 2024, down by 33.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% 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

Sep 2023Sep 2024CHANGE
40 Days33 Days-17.1%

Summary: Homes in Norco had an average of 33 days on market in Sep 2024, down by 17.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Norco has remained consistent over time.

Summary: During September 2024, 14 homes were sold in Norco; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Norco, CA

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What housing markets are near Norco, CA?