Explore Norco, LA - Market Insights, Demographics, Crime, Trends & Hotspots
Market Insights
Norco's real estate market is experiencing a price correction, with values down 15.2% from last year. The median home price has fallen to $204,000, a significant 15.2% decrease year-over-year. With 9.0 months of supply, Norco's inventory levels remain relatively tight. Homes are now taking an average of 84 days to sell, significantly longer than the 1 days typical for this market. A significant 22.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Norco market with the affordability index at 356.3. Based on current market indicators, home prices in Norco are projected to decrease by approximately 5.6% over the next month.
Demographics market for - Norco, LA
Total Population -
2,905
White Population
97.45%
Black Population
2.55%
Crime for - Norco, LA
No Data
Real Estate Market Prediction for - Norco, LA
City Hotspots
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