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March 2024 Real Estate Report
70 Total
Homes For Sale
Homes For Sale
34 Homes
Added to the Market
Added to the Market
24 Homes
Sold
Sold
Compared to Previous Month
-6%
Fewer Homes For Sale
-38%
Fewer Homes Sold
Last month in March, housing in Norwalk, CA ended with 34 homes being added to the market for sale, for a cumulative monthly total of 70 homes for sale - down -6% compared to February. Norwalk, CA had a total of 24 homes sold for the month - down -38% from the month prior.
Detached led the way in homes sold with a total of 18 - down -56%, while attached totaled 6 in closed sales - up 17% from the month of February. The number of detached properties sold under 1500 square feet totaled 15 for the month of March and while homes from 1500 to 2000 square feet recorded 3 sales. The following ranges for detached homes all had no sales: 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
The number of attached homes sold under 1500 square feet numbered 5 and attached homes in the square feet range of 1500 to 2000 recorded 1 sales. The following ranges for attached homes all had no sales: 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
When are the most homes sold in Norwalk, CA?
August:
38 Homes Sold
The last 12 month period for the city of Norwalk, CA shows that the greatest number of homes were sold during the months of August 2023, September 2023 and October 2023. The months of August 2023, September 2023 and October 2023 had 38 - 37 and 35 homes sold, respectively, as compared to an average of 27 for the other months of the year.
When do homes sell the fastest in Norwalk, CA?
July:
5 Days On Market
The last 12 month period for the city of Norwalk, CA shows that homes sold the fastest during the months of July 2023, October 2023 and March 2024. The months of July 2023, October 2023 and March 2024 had 5 - 8 and 6 days on market, respectively, as compared to an average of 14 for the other months of the year.
Average Price Of Homes Sold In Norwalk, CA
By Size Category
Average Sold Price
Average Price Per Square Foot
Average Price Of Homes Sold In Norwalk, CA
By Year
Average Sold Price
Average Price Per Square Foot
| Number of homes sold in Norwalk, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 20 | 33 | 24 | - | - | - | - | - | - | - | - | - | 77 |
| 2023 | 22 | 26 | 43 | 33 | 27 | 31 | 25 | 38 | 37 | 35 | 22 | 30 | 369 |
| 2022 | 41 | 39 | 66 | 54 | 41 | 42 | 49 | 42 | 43 | 24 | 29 | 27 | 497 |
| 2021 | 41 | 41 | 51 | 49 | 49 | 62 | 51 | 54 | 62 | 54 | 47 | 42 | 603 |
| 2020 | 42 | 56 | 40 | 30 | 41 | 40 | 37 | 51 | 49 | 37 | 55 | 46 | 524 |
| 2019 | 28 | 39 | 42 | 57 | 56 | 62 | 66 | 57 | 48 | 53 | 50 | 49 | 607 |
| 2018 | 43 | 41 | 58 | 56 | 51 | 63 | 47 | 63 | 47 | 63 | 50 | 48 | 630 |
| 2017 | 40 | 29 | 50 | 61 | 65 | 75 | 52 | 70 | 51 | 48 | 48 | 68 | 657 |
| Average Days On Market (DOM) In Norwalk, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 25 | 13 | 6 | - | - | - | - | - | - | - | - | - | 15 |
| 2023 | 27 | 32 | 25 | 16 | 16 | 8 | 5 | 9 | 14 | 8 | 13 | 13 | 16 |
| 2022 | 9 | 10 | 12 | 8 | 9 | 14 | 15 | 23 | 24 | 17 | 17 | 27 | 15 |
| 2021 | 9 | 8 | 6 | 6 | 7 | 7 | 4 | 7 | 13 | 6 | 10 | 8 | 8 |
| 2020 | 22 | 15 | 16 | 12 | 18 | 25 | 16 | 10 | 10 | 11 | 10 | 10 | 15 |
| 2019 | 28 | 28 | 27 | 24 | 17 | 18 | 23 | 23 | 17 | 30 | 19 | 15 | 22 |
| 2018 | 25 | 28 | 17 | 20 | 18 | 25 | 19 | 15 | 20 | 30 | 27 | 30 | 23 |
| 2017 | 23 | 28 | 26 | 25 | 17 | 18 | 4 | 22 | 14 | 21 | 17 | 23 | 20 |
| Average Days From List To Close Of Escrow In Norwalk, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 72 | 62 | 66 | - | - | - | - | - | - | - | - | - | 67 |
| 2023 | 92 | 77 | 67 | 62 | 74 | 70 | 50 | 74 | 60 | 53 | 45 | 63 | 66 |
| 2022 | 56 | 72 | 72 | 49 | 56 | 60 | 56 | 75 | 71 | 59 | 65 | 76 | 64 |
| 2021 | 69 | 62 | 64 | 61 | 53 | 56 | 68 | 60 | 61 | 51 | 59 | 61 | 60 |
| 2020 | 68 | 70 | 65 | 61 | 73 | 85 | 62 | 73 | 74 | 72 | 80 | 74 | 71 |
| 2019 | 103 | 71 | 73 | 73 | 64 | 69 | 81 | 84 | 67 | 85 | 71 | 80 | 77 |
| 2018 | 79 | 90 | 68 | 71 | 78 | 73 | 67 | 60 | 71 | 74 | 71 | 78 | 73 |
| 2017 | 74 | 74 | 73 | 80 | 71 | 70 | 73 | 67 | 65 | 73 | 67 | 78 | 72 |
| Number of homes added to the market in Norwalk, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 28 | 30 | 34 | - | - | - | - | - | - | - | - | - | 92 |
| 2023 | 30 | 38 | 38 | 30 | 35 | 40 | 36 | 41 | 35 | 33 | 31 | 18 | 405 |
| 2022 | 39 | 52 | 59 | 46 | 48 | 58 | 31 | 37 | 32 | 27 | 25 | 28 | 482 |
| 2021 | 48 | 40 | 54 | 66 | 49 | 45 | 63 | 66 | 54 | 47 | 40 | 39 | 611 |
| 2020 | 44 | 81 | 48 | 20 | 36 | 54 | 50 | 52 | 37 | 51 | 42 | 35 | 550 |
| 2019 | 59 | 38 | 61 | 60 | 67 | 57 | 53 | 41 | 48 | 47 | 42 | 41 | 614 |
| 2018 | 51 | 53 | 54 | 58 | 49 | 59 | 65 | 63 | 45 | 47 | 36 | 27 | 607 |
| 2017 | 51 | 62 | 64 | 55 | 63 | 62 | 58 | 60 | 56 | 57 | 54 | 31 | 673 |