Is Ontario, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Ontario has remained a Seller's Market.
Housing Prices in Ontario, CA
How much do homes in Ontario, CA cost?
Median Sold Price
$652,825
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ontario was $652,825 in June 2024, up 6.2% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $375K | $375K | 0.0% |
2 Bedrooms | $470K | $510K | +8.5% |
3 Bedrooms | $605K | $635K | +5.0% |
4 Bedrooms | $705K | $752.1K | +6.7% |
5+ Bedrooms | $834.9K | $865K | +3.6% |
Summary: Ontario housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Rancho Cucamonga | $706.8K | $753.5K | +6.6% |
Ontario | $615K | $652.8K | +6.2% |
Chino | $692.7K | $721.5K | +4.2% |
Upland | $768.5K | $785.5K | +2.2% |
Housing Supply in Ontario, CA
How many homes are available in Ontario, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
304 | 289 | -4.9% |
Summary: The Ontario real estate market had 289 homes for sale in June 2024, a 4.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 56 | 54 | -3.6% |
3 Bedrooms | 134 | 125 | -6.7% |
4 Bedrooms | 75 | 74 | -1.3% |
5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Ontario housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
104 | 70 | -32.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Ontario in June 2024, down by 32.7% month-over-month. Of the 70 sold homes, 21% were sold under asking, 26% were sold at asking, and 53% were sold over asking.
Days on Market for Ontario, CA
How long does it take to sell a home in Ontario, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 23 Days | +18.1% |
Summary: Homes in Ontario had an average of 23 days on market in Jun 2024, up by 18.1% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 70 homes were sold in Ontario; 71% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.