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

Housing Market Conditions



Gauge showing Norwalk is a seller's market


Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Norwalk, CA

How much do homes in Norwalk, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

The sold price of homes in Norwalk has remained the same since last year.

Summary: The median home sold price in Norwalk was $688,375 in February 2024, up 0.5% from last year, and the median price per square foot was $572.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $392.5K$433.5K
2 $625K$625K
3 $700K$710K
4 $771K$755K
5+ $800K$725K

Summary: Norwalk housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 9.4%.

Median Sold Price Compared To Nearby Cities

Santa Fe Springs

Housing Supply in Norwalk, CA

How many homes are available in Norwalk, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Norwalk real estate market had 88 homes for sale in February 2024, a 10.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
2 2025
3 4546
4 1314
5+ 22

Summary: The Norwalk housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norwalk, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Norwalk in February 2024, up by 65.0% month-over-month. Of the 33 sold homes, 15% were sold under asking, 18% were sold at asking, and 67% were sold over asking.

Days on Market for Norwalk, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
41 Days19 Days-52.6%

Summary: Homes in Norwalk had an average of 19 days on market in Feb 2024, down by 52.6% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 33 homes were sold in Norwalk; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% 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

Newest Listings in Norwalk, CA

Nearby Markets to Norwalk, CA

What housing markets are near Norwalk, CA?