Real Estate Market Update for Norwalk, CA
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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 62% from one year earlier, and down 38% 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 over 370-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 11%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 360-thousand dollars. The number of units sold decreased 17% year-over-year, and decreased 16% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Map Information for Norwalk, CA
Area Information for Norwalk, CA
  • Population: 106,579
  • Median Age: 32.28 yr
  • Median Commute Time: 23.37 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 10,980/sq mi
  • Population Change Since 2000: 3.24%
  • Closest Airport: Long Beach /daugherty Field/
  • Closest College: Fremont College
  • Closest Jr. College: Cerritos College
  • Median Household Income: $60,784
  • 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 Norwalk, CA
Median Age: 32.28 Married: 27% Number of Households: 27,389 Households with Children: 13,505
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 Norwalk, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Liberty Baptist Academy 0.4 mi Private K-12 0 0
      Joyland Preschool 0.4 mi Private PRESCHOOL-1 0 4
      St. John Of God Elementary School 0.5 mi Catholic PRESCHOOL-8 0 4
      Cesar Chavez Elementary School 0.5 mi Public K-6 2 3
      Julia B. Morrison Elementary School 0.6 mi Public K-5 3-5 4
      Paddison Elementary School 0.6 mi Public K-5 4 3
      Thomas B. Moffitt Elementary School 0.7 mi Public K-5 1 2
      Nettie L. Waite Middle School 0.8 mi Public 6-8 1 2
      Norwalk High School 0.8 mi Public 9-12 2-5 3
      William W. Orr Elementary School 0.9 mi Public K-5 3 4
      New Harvest Christian School 0.9 mi Private PRESCHOOL-12 0 4
      Pioneer Baptist School 1.0 mi Private PRESCHOOL-8 0 4
      D. D. Johnston Elementary School 1.0 mi Public K-5 3 3
      Los Alisos Middle School 1.2 mi Public 6-8 3 4
      John H. Nuffer Elementary School 1.2 mi Public K-5 1 3
      Norwalk Christian Academy 1.2 mi Private K-6 0 4
      Brethren Elementary School 1.2 mi Private PRESCHOOL-6 0 0
      Earl E. Edmondson Elementary School 1.2 mi Public K-5 2-5 3
      Lakeland Elementary School 1.3 mi Public K-5 3-5 3
      Corvallis Middle School 1.3 mi Public 6-8 2 4
      John H. Glenn High School 1.3 mi Public 9-12 2-5 3
      St. Linus Elementary School 1.3 mi Catholic PRESCHOOL-8 0 4
      Cresson Elementary School 1.3 mi Public K-5 3 3
      Norwalk Christian School 1.4 mi Private PRESCHOOL-8 0 4
      John Dolland Elementary School 1.4 mi Public K-5 3 0
      Loretta Lampton Elementary School 1.5 mi Public K-5 3-5 4
      New River Elementary School 1.5 mi Public PRESCHOOL-5 2-5 4
      Trouble Free Educational School 1.6 mi Private 5-12 0 5
      Three In One Christian Academy 1.6 mi Private PRESCHOOL-10 0 0
      Studebaker Elementary School 1.7 mi Public K-5 4 5
      Lakeside Middle School 1.7 mi Public 6-8 3 4
      Trinity Christian School 1.7 mi Private PRESCHOOL-8 0 5
      Anna M. Glazier Elementary School 1.9 mi Public PRESCHOOL-5 2-5 4
      Arturo Sanchez Elementary School 1.9 mi Public K-5 2 4
      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 © 2014
      Local Weather for Norwalk, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.