Is San Bernardino, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Bernardino is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, San Bernardino has remained a Seller's Market.

Key Takeaway

San Bernardino is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in San Bernardino, CA cost?

Median Sold Price

$450,000

$326/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$77,771(+20.9%)

Key Takeaway

Homes in San Bernardino have sold for 20.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $155K$215K
+38.7%
2 $288K$355K
+23.3%
3 $375K$454.1K
+21.1%
4 $430K$510K
+18.6%
5+ $500K$602K
+20.4%

Median Sold Price Compared To Nearby Cities

San Bernardino
+20.9%
Highland
+19.8%
Colton
+18.9%
Rialto
+18.0%
Loma Linda
+10.0%

How many homes are available in San Bernardino, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
489497+1.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 126
-50.0%
2 9693
-3.1%
3 244257
+5.3%
4 118117
-0.8%
5+ 1924
+26.3%

Number of Homes Sold

Jul 2022Aug 2022%
120140+16.7%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

70 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Bernardino, you could pay more than the asking price. 50.4% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
17 Days23 Days+32.2%

Breakdown of Home Sale Times

107 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Bernardino are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About San Bernardino, CA

There are 497 homes are for sale in San Bernardino, CA real estate market. The number of homes for sale in San Bernardino, CA increased by 1.6% between July 2022 and August 2022. In August 2022, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $450,000. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties increased by 38.7%, prices of 2 bedrooms properties went up by 23.3%, 3 bedrooms properties became 21.1% more expensive, the cost of 4 bedrooms properties went up by 18.6%, 5 bedrooms properties prices increased by 20.4%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 50%, the quantity of 2 bedrooms homes went down by 3.1%, number of 3 bedrooms homes increased by 5.3%, number of 4 bedrooms homes decreased by 0.8%, 5 bedrooms homes inventory increased by 26.3%. Over 70 listings were sold over their listed price in August 2022 in San Bernardino, CA. In the same period over 35 listings were sold below the listed price and 34 listings were sold for the listed price.

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