Is Colton, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Colton has remained a Seller's Market.
Housing Prices in Colton, CA
How much do homes in Colton, CA cost?
Median Sold Price
$483,000
$355/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Colton was $483,000 in May 2024, up 3.9% from last year, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $202K | $245K | +21.3% |
2 Bedrooms | $380K | $400K | +5.3% |
3 Bedrooms | $470K | $487.5K | +3.7% |
4 Bedrooms | $522K | $545K | +4.4% |
5+ Bedrooms | $580K | $690.8K | +19.1% |
Summary: Colton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 19.1%.
Median Sold Price Compared To Nearby Cities
Grand Terrace | $511K | $577.5K | +13.0% |
Rialto | $539.8K | $567.5K | +5.1% |
Colton | $465K | $483K | +3.9% |
San Bernardino | $454.9K | $472.5K | +3.9% |
Loma Linda | $580K | $585K | +0.9% |
Housing Supply in Colton, CA
How many homes are available in Colton, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 97 | 0.0% |
Summary: The Colton real estate market had 97 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 26 | 23 | -11.5% |
3 Bedrooms | 38 | 40 | +5.3% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Colton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Colton in May 2024, down by 15.4% month-over-month. Of the 21 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 26 Days | -20.6% |
Summary: Homes in Colton had an average of 26 days on market in May 2024, down by 20.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Colton; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.