Avezta Realty International Corp.

Norwalk Real Estate Market Report

Executive Summary

DB
Dan Braun

The Norwalk, CA real estate market is currently classified as a balanced market. The median asking price is $670K, up 28.7% over the past 30 days.

There are currently 71 active listings, representing 4.2 months of inventory. 50 properties have sold in the past 90 days at a median sold price of $750K. Inventory has increased 153.6% compared to last month.

Currently, listings spend an average of 33 days on market and the average price per square foot is $563.

Detached properties make up the largest share of the Norwalk market at 71% of active listings with an average price of $618K. Condo listings follow at 22% (avg $625K).

Sales Activity & Absorption

Volume

17
Sold (30d)
50
Sold (90d)
33
Avg DOM
43
New (30d)

Market Signals

11
Price Cuts (30d)
15
New (7d)
94%
Sell-Through
99.5%
List-to-Sale

17 properties sold in the past 30 days, 43 new listings appeared in the past month, 11 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
4.2months
Balanced — Slight Seller Advantage
Sell-Through Rate94.4%
Inventory Change (30d)+153.6%
Site Active Listings71

At 4.2 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $670K, 20% down, 25yr amortization
$3,118/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Norwalk market currently has 71 active listings with a median price of $670K and 4.2 months of inventory.

  • Prices rising (28.7% in 30 days)
  • High price reduction rate (15% of listings)
  • High sell-through rate (94%)
  • Average price per square foot is $563
  • Sold properties averaged 25 days on market

For Buyers

The Norwalk market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 15 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes. 11 listings have reduced their price in the past 30 days. The current sell-through rate is 94%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

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Homes for Sale in Norwalk71 active listingsCost of Living in NorwalkHousing, rent & expensesSold Data in NorwalkRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 16, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.