Real Estate Market Update for 90650 (Norwalk, CA)

Video: Real Estate Community Tour for 90650 (Norwalk, CA)

See Real estate community tour for 90650 (Norwalk, CA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 37% from one year earlier, and down 12% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 33%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 380-thousand dollars. The number of units sold increased 13% year-over-year, and increased 3% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for 90650 (Norwalk, CA)
Area Information for 90650 (Norwalk, CA)
  • Population: 106,652
  • Median Age: 32.28 yr
  • Median Commute Time: 23.37 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 10,874/sq mi
  • Population Change Since 2000: 2.69%
  • Closest Airport: Long Beach /daugherty Field/
  • Closest College: Fremont College
  • Closest Jr. College: Cerritos College
  • Median Household Income: $60,800
  • Annual Residential Turnover: 16.33%
  • Median Years in Residence: 4.38 yr
  • Median Home Sales Price: $260,000
  • Closest Major Sports Team: Cd Chivas Usa
  • Change Avg. Household Income Since 2000: 32%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 90650 (Norwalk, CA)
Median Age: 32.28 Married: 27% Number of Households: 27,399 Households with Children: 13,509
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 90650 (Norwalk, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      St John Of God Elementary 0.1 mi Catholic PRESCHOOL-8 0 4
      Liberty Baptist Academy 0.3 mi Private K-12 0 0
      Morrison (julia B.) Elementary 0.3 mi Public K-5 3-5 4
      Chavez (cesar) Elementary 0.5 mi Public K-6 2 3
      Norwalk High School 0.5 mi Public 9-12 2-5 3
      Joyland Preschool 0.6 mi Private PRESCHOOL-K 0 0
      Waite (nettie L.) Middle School 0.7 mi Public 6-8 1 2
      Johnston (d. D.) Elementary 0.8 mi Public K-5 3 3
      Los Alisos Middle School 0.8 mi Public 6-8 3 4
      Nuffer (john H.) Elementary 0.8 mi Public K-5 1 3
      New Harvest Christian School 0.9 mi Private PRESCHOOL-12 0 4
      Corvallis Middle School 0.9 mi Public 6-8 2 4
      Norwalk Christian Academy 0.9 mi Private K-6 0 4
      Brethren Elementary School 0.9 mi Private K-6 0 0
      Moffitt (thomas B.) Elementary 0.9 mi Public K-5 1 3
      Edmondson (earl E.) Elementary 1.0 mi Public K-5 2-5 3
      Paddison Elementary 1.0 mi Public K-5 4 3
      Orr (william W.) Elementary 1.0 mi Public K-5 3 4
      Lampton (loretta) Elementary 1.0 mi Public K-5 3-5 4
      New River Elementary 1.2 mi Public PRESCHOOL-5 2-5 4
      Three In One Christian Academy 1.2 mi Private K-11 0 0
      Trouble Free Educational School 1.2 mi Private 5-12 0 5
      Norwalk-la Mirada Adult 1.2 mi Public - 0 0
      Pioneer Baptist School 1.3 mi Private PRESCHOOL-8 0 4
      Dolland (john) Elementary 1.4 mi Public K-5 3 0
      Glazier (anna M.) Elementary School 1.4 mi Public PRESCHOOL-5 2-5 4
      St Linus Elementary 1.5 mi Catholic PRESCHOOL-8 0 4
      Glenn (john H.) High School 1.5 mi Public 9-12 2-5 3
      Cresson Elementary 1.6 mi Public K-5 3 3
      Sanchez (arturo) Elementary 1.6 mi Public K-5 2 4
      Lakeland Elementary 1.6 mi Public K-5 3-5 3
      Norwalk Christian School 1.6 mi Private PRESCHOOL-8 0 4
      Studebaker Elementary 1.7 mi Public K-5 4 5
      Lakeside Middle School 1.8 mi Public 6-8 3 4
      Trinity Christian 1.8 mi Private PRESCHOOL-8 0 5
      Ramona Head Start/state Preschool 1.9 mi Public PRESCHOOL-PRESCHOOL 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 90650 (Norwalk, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.