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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ontario is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Ontario, CA

How much do homes in Ontario, CA cost?

Median Sold Price

$650,000

$416/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$36,097(+5.9%)

Key Takeaway

Homes in Ontario have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Ontario was $650,000 in May 2024, up 5.9% from last year, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $365K$379.8K
+4.1%
2 $470K$502.5K
+6.9%
3 $605K$635K
+5.0%
4 $705K$750K
+6.4%
5+ $820K$860K
+4.9%

Summary: Ontario housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Ontario
+5.9%
Rancho Cucamonga
+5.6%
Upland
+4.8%
Chino
+4.0%

Housing Supply in Ontario, CA

How many homes are available in Ontario, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
293305+4.1%

Summary: The Ontario real estate market had 305 homes for sale in May 2024, a 4.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1415
+7.1%
2 5854
-6.9%
3 123136
+10.6%
4 7473
-1.4%
5+ 2427
+12.5%

Summary: The Ontario housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
81104+28.4%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

58 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ontario, you could pay more than the asking price. 55.8% of homes here sold above asking price last month.

Summary: A total of 104 homes were sold or pending in Ontario in May 2024, up by 28.4% month-over-month. Of the 104 sold homes, 29% were sold under asking, 15% were sold at asking, and 56% 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

May 2023May 2024CHANGE
23 Days23 Days-0.1%

Summary: Homes in Ontario had an average of 23 days on market in May 2024, down by 0.1% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 104 homes were sold in Ontario; 71% of homes were sold within 30 days, 26% 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 12 Days Ago

Newest Listings in Ontario, CA

Nearby Markets to Ontario, CA

What housing markets are near Ontario, CA?