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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pomona is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Pomona, CA

How much do homes in Pomona, CA cost?

Median Sold Price

$670,000

$470/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,250(+8.3%)

Key Takeaway

Homes in Pomona have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Pomona was $670,000 in October 2024, up 8.3% from last year, and the median price per square foot was $470.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $364.5K$395K
+8.4%
2 $469.5K$517.5K
+10.2%
3 $630K$670K
+6.3%
4 $662.5K$732.5K
+10.6%
5+ $690K$835K
+21.0%

Summary: Pomona housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 21%.

Median Sold Price Compared To Nearby Cities

Claremont
+11.8%
Pomona
+8.3%
Montclair
+6.5%
La Verne
+4.9%
San Dimas
+3.9%

Housing Supply in Pomona, CA

How many homes are available in Pomona, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
234223-4.7%

Summary: The Pomona real estate market had 223 homes for sale in October 2024, a 4.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 5041
-18.0%
3 106100
-5.7%
4 5658
+3.6%
5+ 1619
+18.8%

Summary: The Pomona housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 18.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5951-13.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pomona, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 51 homes were sold or pending in Pomona in October 2024, down by 13.6% month-over-month. Of the 51 sold homes, 24% were sold under asking, 27% were sold at asking, and 49% 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

Oct 2023Oct 2024CHANGE
28 Days27 Days-3.8%

Summary: Homes in Pomona had an average of 27 days on market in Oct 2024, down by 3.8% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 51 homes were sold in Pomona; 67% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 4% 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 5 Days Ago

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