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 October 2021

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.

How much do homes in Norco, CA cost?

Median Sold Price

$815,625

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$117,125(+16.8%)

Key Takeaway

Homes in Norco have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$465K
N/A
2 $526.5K$610K
+15.9%
3 $620K$762.5K
+23.0%
4 $720K$827.5K
+14.9%
5+ $908.5K$1.2M
+32.1%

Median Sold Price Compared To Nearby Cities

Norco
+16.8%
Jurupa
+15.9%
Riverside
+15.7%
Corona
+15.6%

How many homes are available in Norco, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
8985-4.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 13
+200.0%
3 2824
-14.3%
4 3634
-5.6%
5+ 2323
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
2615-42.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 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. 40% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days24 Days+28.3%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Norco, CA

There are 85 homes are for sale in Norco, CA real estate market. Between September 2022 and October 2022, Norco, CA real estate market has seen decrease in the number of listings by 4.5%. The median list price of listings available in October 2022 was $815,625, while the average time on the real estate market was 24 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 15.9%, the cost of 3 bedrooms properties went up by 23%, prices of 4 bedrooms properties increased by 14.9%, prices of 5 bedrooms properties increased by 32.1%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 200%, 3 bedrooms homes became 14.3% less available, the quantity of 4 bedrooms homes went down by 5.6%, 5 bedrooms homes did not move. In October 2022, from all listings sold in Norco, CA there were more than 5 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price.

Related Housing Market Reports