Norwalk, CA Foreclosures
How much do homes sell for in Norwalk, CA?
The average home price is currently $800,308.
What’s the average rental cost in Norwalk, CA?
The average rental price in Norwalk is $2,408.
What is the most expensive home in Norwalk?
The most expensive home sold in Norwalk had a price of $96,143,868.
What is currently the cheapest priced home in Norwalk, CA?
The cheapest home for sale in Norwalk is priced at $23,143.
Living in Norwalk, CA
Norwalk, CA, is a thriving city in Los Angeles County known for its cultural diversity, family-friendly environment, and rich recreational opportunities. With a robust network of parks, schools, and amenities, residents enjoy a balanced lifestyle with easy access to shopping and public transportation. This city stands out for its community-oriented spirit and engaging atmosphere.
Current Market Conditions in Norwalk, CA
The current real estate market in Norwalk, CA shows signs of steady growth, with a balanced mix of single-family homes, townhouses, and apartments. As demand for housing in the Los Angeles area continues to rise, Norwalk remains an attractive option for first-time homebuyers and investors looking for affordable alternatives. Recently, homes in Norwalk have experienced appreciation in value, particularly due to the city's desirable location and ample amenities.
Recent trends indicate an increase in home sales, with many properties receiving multiple offers. The competitive market reflects buyer confidence, supported by low interest rates. Despite fluctuations in the broader economy, Norwalk's real estate market remains resilient, driven by its appeal to families and commuters alike.
Home Value Estimator For Norwalk, CA
There are currently 22,053 real estate properties
in Norwalk, CA,
with a median automated valuation model (AVM) price
of $749,082.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Norwalk, CA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Norwalk, CA,
is $800,308.00, with the most expensive house
in Norwalk, CA, topping out
at $96,143,868.00 and the cheapest home
in Norwalk, CA,
clocking in at $23,143.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Norwalk, CA!
Rent Prices
In Norwalk, CA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Norwalk, CA, is on
a rollercoaster ride. The
average rent price in Norwalk, CA,
is $2,408.00. Indeed, when looking to rent in
Norwalk, CA, you can expect to pay as little
as $1,050.00 or as much
as $5,720.00,
with the average rent median estimated to
be $2,420.00. The good news is that finding
an affordable and desirable property to rent in Norwalk, CA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
