Is Norwalk, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Norwalk has remained a Seller's Market.
Housing Prices in Norwalk, CA
How much do homes in Norwalk, CA cost?
Median Sold Price
$700,000
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norwalk was $700,000 in April 2024, up 3.7% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $392K | $437K | +11.5% |
2 Bedrooms | $625K | $632.5K | +1.2% |
3 Bedrooms | $688.3K | $720K | +4.6% |
4 Bedrooms | $780K | $750K | -3.8% |
5+ Bedrooms | $792.5K | $725K | -8.5% |
Summary: Norwalk housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 8.5%.
Median Sold Price Compared To Nearby Cities
Cerritos | $946.6K | $1.0M | +8.8% |
Bellflower | $702K | $750K | +6.8% |
Downey-Norwalk | $720.1K | $755K | +4.8% |
Santa Fe Springs | $700K | $731K | +4.4% |
Norwalk | $675K | $700K | +3.7% |
Housing Supply in Norwalk, CA
How many homes are available in Norwalk, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
96 | 96 | 0.0% |
Summary: The Norwalk real estate market had 96 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 49 | 51 | +4.1% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Norwalk housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 36 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Norwalk in April 2024, up by 50.0% month-over-month. Of the 36 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 15 Days | -31.4% |
Summary: Homes in Norwalk had an average of 15 days on market in Apr 2024, down by 31.4% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Norwalk; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.