Corona, CA Housing Market Report

The Corona, California housing market is currently navigating a period of stabilization as it enters the final quarter of 2025. With a median home value of $748,672, the market has seen a modest year-over-year decline of 1.95%. However, recent month-over-month data suggests a recovery from a mid-year dip, with prices climbing steadily since September. This trend indicates that while the rapid appreciation seen in previous years has cooled, demand remains resilient enough to prevent a significant downturn in property values.

Market conditions are shifting toward a more balanced environment, though they slightly favor buyers compared to the previous year. Active inventory has grown by 5.36% to 14,384 units, providing house hunters with more options. Furthermore, the average time a property spends on the market has increased to 71 days, an 11-day jump from last year. This slower pace allows buyers more time for due diligence and negotiation, a stark contrast to the bidding wars of the past. The sale-to-list ratio holding steady at 1 suggests that while sellers are no longer commanding massive premiums, they are still successfully closing deals at their asking prices.

For prospective sellers, the rise in median rent to $2,705—a nearly 4% increase—presents a compelling case for the investment value of Corona real estate. While the sales market is slower, the rental market remains tight, reflecting the area's desirability for commuters and families within the Riverside-San Bernardino-Ontario metro area. Buyers should keep a close eye on the recent upward price trajectory from October through December, which may signal a more competitive spring season ahead. Overall, the market is characterized by cautious optimism, with steady inventory growth and stabilizing prices creating a healthier entry point for new homeowners.