Is San Bernardino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in San Bernardino, CA
How much do homes in San Bernardino, CA cost?
Median Sold Price
$455,642
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in San Bernardino have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in San Bernardino was $455,642 in November 2023, down 0.9% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.5K | $260K | +13.3% |
| 2 Bedrooms | $360K | $357K | -0.8% |
| 3 Bedrooms | $460.1K | $460K | 0% |
| 4 Bedrooms | $525K | $540K | +2.9% |
| 5+ Bedrooms | $612.5K | $600K | -2.0% |
Summary: San Bernardino housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Rialto | $535K | $550K | +2.8% |
| Loma Linda | $572.5K | $577K | +0.8% |
| San Bernardino | $460K | $455.6K | -0.9% |
| Colton | $470K | $465.2K | -1.0% |
| Highland | $525K | $515.5K | -1.8% |
Housing Supply in San Bernardino, CA
How many homes are available in San Bernardino, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 457 | 432 | -5.5% |
Summary: The San Bernardino real estate market had 432 homes for sale in November 2023, a 5.5% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 89 | 96 | +7.9% |
| 3 Bedrooms | 216 | 197 | -8.8% |
| 4 Bedrooms | 117 | 103 | -12.0% |
| 5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The San Bernardino housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 116 | 88 | -24.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Bernardino, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 88 homes were sold or pending in San Bernardino in November 2023, down by 24.1% month-over-month. Of the 88 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for San Bernardino, CA
How long does it take to sell a home in San Bernardino, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +1.5% |
Summary: Homes in San Bernardino had an average of 28 days on market in Nov 2023, up by 1.5% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Bernardino are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 88 homes were sold in San Bernardino; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.