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 November 2021

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.

How much do homes in Ontario, CA cost?

Median Sold Price

$624,141

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$74,156(+13.5%)

Key Takeaway

Homes in Ontario have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $308K$392.5K
+27.4%
2 $398.3K$472K
+18.5%
3 $540K$620K
+14.8%
4 $618K$720K
+16.5%
5+ $729K$838K
+15.0%

Median Sold Price Compared To Nearby Cities

Upland
+15.3%
Ontario
+13.5%
Chino
+13.2%
Rancho Cucamonga
+11.5%

How many homes are available in Ontario, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
251228-9.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 107
-30.0%
2 4636
-21.7%
3 9386
-7.5%
4 8382
-1.2%
5+ 1917
-10.5%

Number of Homes Sold

Oct 2022Nov 2022%
6155-9.8%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ontario, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
16 Days34 Days+103.7%

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

4 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Ontario, CA

Number of homes for sale in Ontario, CA real estate market have reached 228. In November 2022 in Ontario, CA there were 9.2% less homes for sale than in October 2022. While the average time on the market in November 2022 was 34 days, the median list price was $624,141. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 27.4%, prices of 2 bedrooms properties increased by 18.5%, prices of 3 bedrooms properties went up by 14.8%, the cost of 4 bedrooms properties went up by 16.5%, prices of 5 bedrooms properties increased by 15%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 30%, number of 2 bedrooms homes decreased by 21.7%, 3 bedrooms homes inventory decreased by 7.5%, 4 bedrooms homes became 1.2% less available, 5 bedrooms homes became 10.5% less available. Over 18 listings were sold over their listed price in November 2022 in Ontario, CA. In the same period over 28 listings were sold below the listed price and 9 listings were sold for the listed price.

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