Norco Real Estate - Find Your Perfect Home For Sale!
Norco - Town vs. County Stats
Avg Price in Norco: $687,500/Co. / County Avg $625,900
Avg Sq. Ft. in Norco: 2,898/Co. / County Avg 2,458
Avg Price per/ft2 in Norco: $237/Co. / County Avg $255
Avg Walkscore in Norco: 21 / County Avg 22
Avg Year Built in Norco: 1978/Co. / County Avg 1989
Avg Days on Website in Norco: 69/Co. / County Avg 95
Norco Real Estate Market Health
Incorporated in 1964, Norco is a rare horse town, nicknamed Horsetown USA, nestled in the central portion of the Inland Empire north of Corona and south of the new community of Eastvale and Ontario. Many Norco homes for sale include barns and other equipment dedicated specifically to the raising and caring of horses and other animals. With over 120 miles of horse trails in the horse property town, the trail miles outnumber the streets for automobiles by 12 miles. All together, Norco covers approximately 15 square miles of land located on both the east and west side of the Interstate 15. As of 2010, the total Norco population is 27,063, which has grown 12.03% since 2000. The population growth rate is higher than the state average rate of 9.99% and is higher than the national average rate of 9.71%. It is a thriving horse property community with the median personal income close to $80,000 per year. Major employers include: Corona-Norco Unified School District, California Rehabilitation Center Correctional Facility, Naval Surface Warfare Center, and HCI, Inc.
NORCO, CA - Activities and Special Events in Norco
Norco is a well established horse property community with many things to do. Shopping is well established along the main street corridor of Hamner Ave. In addition, just minutes away to the north is the Eastvale Gateway Center, and further up to 15 freeway is Ontario Mills Outlet Mall. Five more minutes north on the freeway is the pedestrian mall of Victoria Gardens in Rancho Cucamonga. The horse property town of Norco is also home of the PRCA Rodeo, held in August. Later in the fall, it's time for the Norco Fair, held at the George Ingall's Equestrian Event Center. The Equestrian Event Center also hosts various horse related activities throughout the year, including the 4th of July Trail Ride Picnic in the Park. Norco homes are treated every summer to Concerts in the Park at Pike's Peak Park. In addition to horse activities, Norco is very youth friendly. The city of Norco has many activities available through Parks and Rec Department, as well as various competitive youth sports.
NORCO, CA - Real Estate Housing Trends, Home Prices and Sales Data
For the last 30 days, there have been 30 Norco homes for sale that have closed escrow. The median price point for Norco homes for sale over the past 30 days has been $453,000. The average number of days on the market has been 118 days or just under 17 weeks. There have been 2 short/foreclosure sales in the last 30 days. As realtors, we feel the market is heading for a small adjustment. We are looking for the prices of Norco homes for sale to remain constant or slightly adjust downward as we move toward the end of the year. Once the market goes through this small adjustment, the average number of days on market should reduce as well.
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