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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rialto is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Rialto, CA

How much do homes in Rialto, CA cost?

Median Sold Price

$559,400

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,400(+3.6%)

Key Takeaway

Homes in Rialto have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Rialto was $559,400 in March 2024, up 3.6% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $300K-
N/A
2 $420K$375K
-10.7%
3 $525K$535K
+1.9%
4 $570K$586K
+2.8%
5+ $650K$654K
+0.6%

Summary: Rialto housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Rialto
+3.6%
San Bernardino
+1.3%
Colton
+0.7%
Fontana
-0.7%

Housing Supply in Rialto, CA

How many homes are available in Rialto, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
168159-5.4%

Summary: The Rialto real estate market had 159 homes for sale in March 2024, a 5.4% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 55
0.0%
3 7675
-1.3%
4 6459
-7.8%
5+ 2219
-13.6%

Summary: The Rialto 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 remained the same, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes decreased by 13.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3948+23.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rialto, you could pay more than the asking price. 45.8% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Rialto in March 2024, up by 23.1% month-over-month. Of the 48 sold homes, 38% were sold under asking, 17% were sold at asking, and 46% were sold over asking.

Days on Market for Rialto, CA

How long does it take to sell a home in Rialto, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days31 Days-30.4%

Summary: Homes in Rialto had an average of 31 days on market in Mar 2024, down by 30.4% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 48 homes were sold in Rialto; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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 18 Days Ago

Newest Listings in Rialto, CA

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