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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Colton is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Colton, CA

How much do homes in Colton, CA cost?

Median Sold Price

$480,666

$350/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$15,666(+3.4%)

Key Takeaway

Homes in Colton have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Colton was $480,666 in April 2024, up 3.4% from last year, and the median price per square foot was $350.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195.5K$245K
+25.3%
2 $377.5K$400K
+6.0%
3 $470K$485K
+3.2%
4 $521K$550K
+5.6%
5+ $637.5K$687.5K
+7.8%

Summary: Colton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Grand Terrace
+14.8%
Rialto
+3.8%
Colton
+3.4%
San Bernardino
+3.3%
Loma Linda
+0.8%

Housing Supply in Colton, CA

How many homes are available in Colton, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
8798+12.6%

Summary: The Colton real estate market had 98 homes for sale in April 2024, a 12.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 37
+133.3%
2 2528
+12.0%
3 3235
+9.4%
4 1718
+5.9%
5+ 1010
0.0%

Summary: The Colton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1526+73.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Colton, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Colton in April 2024, up by 73.3% month-over-month. Of the 26 sold homes, 8% were sold under asking, 38% were sold at asking, and 54% were sold over asking.

Days on Market for Colton, CA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
36 Days18 Days-49.5%

Summary: Homes in Colton had an average of 18 days on market in Apr 2024, down by 49.5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 26 homes were sold in Colton; 88% of homes were sold within 30 days, 8% 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 8 Days Ago

Newest Listings in Colton, CA

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