Is Chino, 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, Chino has remained a Seller's Market.
Key Takeaway
Chino is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chino, CA
How much do homes in Chino, CA cost?
Median Sold Price
$722,568
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chino have sold for 4% more than they did a year ago.
Summary: The median home sold price in Chino was $722,568 in May 2024, up 4% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.5K | $435K | +5.5% |
| 2 Bedrooms | $509K | $515K | +1.2% |
| 3 Bedrooms | $638K | $662.2K | +3.8% |
| 4 Bedrooms | $750K | $780K | +4.0% |
| 5+ Bedrooms | $900K | $947.5K | +5.3% |
Summary: Chino housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Chino Hills | $854.2K | $970K | +13.5% |
| Ontario | $613.9K | $650K | +5.9% |
| Pomona | $614.2K | $645K | +5.0% |
| Chino | $695K | $722.5K | +4.0% |
| Montclair | $620K | $640K | +3.2% |
Housing Supply in Chino, CA
How many homes are available in Chino, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 156 | 174 | +11.5% |
Summary: The Chino real estate market had 174 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 70 | 76 | +8.6% |
| 4 Bedrooms | 53 | 60 | +13.2% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Chino housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 59 | +51.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chino, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.
Summary: A total of 59 homes were sold or pending in Chino in May 2024, up by 51.3% month-over-month. Of the 59 sold homes, 19% were sold under asking, 25% were sold at asking, and 56% were sold over asking.
Days on Market for Chino, CA
How long does it take to sell a home in Chino, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 24 Days | -30.6% |
Summary: Homes in Chino had an average of 24 days on market in May 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Chino are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 59 homes were sold in Chino; 76% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.