Is Ontario, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$639,218
$413/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ontario was $639,218 in March 2024, up 2.8% from last year, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $350K | $377.4K | +7.8% |
2 Bedrooms | $475K | $500K | +5.3% |
3 Bedrooms | $614.8K | $625K | +1.6% |
4 Bedrooms | $720.3K | $730K | +1.3% |
5+ Bedrooms | $834K | $845K | +1.3% |
Summary: Ontario housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Upland | $753.4K | $780.6K | +3.6% |
Ontario | $621.6K | $639.2K | +2.8% |
Chino | $700.5K | $715K | +2.1% |
Rancho Cucamonga | $725K | $740.3K | +2.1% |
Housing Supply in Ontario, CA
How many homes are available in Ontario, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
255 | 247 | -3.1% |
Summary: The Ontario real estate market had 247 homes for sale in March 2024, a 3.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 9 | 0.0% |
2 Bedrooms | 61 | 56 | -8.2% |
3 Bedrooms | 97 | 99 | +2.1% |
4 Bedrooms | 74 | 69 | -6.8% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Ontario housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 65 | -12.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Ontario in March 2024, down by 12.2% month-over-month. Of the 65 sold homes, 28% were sold under asking, 18% were sold at asking, and 54% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 21 Days | -52.9% |
Summary: Homes in Ontario had an average of 21 days on market in Mar 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 65 homes were sold in Ontario; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.