Justin Tye

Norwalk, CA

Single-Family Homes

Active Realty I REAL



Norwalk, CA

Thu Jun 20 2024
This week the median list price for Norwalk, CA is $750,000 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has decreased to 33. Click here to stay informed with the Norwalk market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Norwalk, CA

Thu Jun 20 2024
This week the median list price for Norwalk, CA is $750,000 with the market action index hovering around 65. This is less than last month's market action index of 67. Inventory has decreased to 33. Click here to stay informed with the Norwalk market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Norwalk market.
Median List Price $750,000
Median Price of New Listings $759,999
Per Square Foot $634
Average Days on Market 65
Median Days on Market 21
Price Decreased 27%
Price Increased 6%
Relisted 9%
Inventory 33
Median Rent
Market Action 65
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$837,499 1,576 4,500 - 6,500 sqft 4 2 71 2 1 35
$781,999 1,426 4,500 - 6,500 sqft 4 2 70 1 3 10
$732,499 1,022 4,500 - 6,500 sqft 3 1.5 73 1 3 14
$644,000 883 4,500 - 6,500 sqft 2 1 72 2 2 63