Is Pomona, 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, Pomona has remained a Seller's Market.
Housing Prices in Pomona, CA
How much do homes in Pomona, CA cost?
Median Sold Price
$636,650
$454/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pomona was $636,650 in March 2024, up 2.5% from last year, and the median price per square foot was $454.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $380K | +4.1% |
2 Bedrooms | $499K | $490K | -1.8% |
3 Bedrooms | $635K | $645K | +1.6% |
4 Bedrooms | $662.5K | $699K | +5.5% |
5+ Bedrooms | $700K | $760K | +8.6% |
Summary: Pomona housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Pomona, CA
How many homes are available in Pomona, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
177 | 174 | -1.7% |
Summary: The Pomona real estate market had 174 homes for sale in March 2024, a 1.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 29 | 32 | +10.3% |
3 Bedrooms | 76 | 75 | -1.3% |
4 Bedrooms | 51 | 50 | -2.0% |
5+ Bedrooms | 14 | 11 | -21.4% |
Summary: The Pomona housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 10.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 21.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 57 | +18.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Pomona in March 2024, up by 18.8% month-over-month. Of the 57 sold homes, 23% were sold under asking, 35% were sold at asking, and 42% were sold over asking.
Days on Market for Pomona, CA
How long does it take to sell a home in Pomona, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 25 Days | -22.1% |
Summary: Homes in Pomona had an average of 25 days on market in Mar 2024, down by 22.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in Pomona; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.