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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Bernardino County is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in San Bernardino County, CA

How much do homes in San Bernardino County, CA cost?

Median Sold Price

$500,488

$319/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$523(+0.1%)

Key Takeaway

The sold price of homes in San Bernardino County has remained the same since last year.

Summary: The median home sold price in San Bernardino County was $500,488 in March 2024, up 0.1% from last year, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $275K$257.3K
-6.4%
2 $379.8K$379.9K
0.0%
3 $479.9K$479.9K
0.0%
4 $599.9K$600.1K
0.0%
5+ $749.6K$754.5K
+0.7%

Summary: San Bernardino County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Counties

Los Angeles County
+2.2%
Kern County
+1.8%
Riverside County
+1.7%
San Bernardino County
0.1%
Clark County
-1.7%

Housing Supply in San Bernardino County, CA

How many homes are available in San Bernardino County, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5,7246,071+6.1%

Summary: The San Bernardino County real estate market had 6,071 homes for sale in March 2024, a 6.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 196217
+10.7%
2 1,0161,102
+8.5%
3 2,3512,463
+4.8%
4 1,5981,671
+4.6%
5+ 563618
+9.8%

Summary: The San Bernardino County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 9.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1,1741,260+7.3%

Asking Price vs. Sold Price

475 Homes Were Sold
Under Asking

277 Homes Were Sold
At Asking

508 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Bernardino County, you could pay more than the asking price. 40.3% of homes here sold above asking price last month.

Summary: A total of 1,260 homes were sold or pending in San Bernardino County in March 2024, up by 7.3% month-over-month. Of the 1,260 sold homes, 38% were sold under asking, 22% were sold at asking, and 40% were sold over asking.

Days on Market for San Bernardino County, CA

How long does it take to sell a home in San Bernardino County, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days38 Days-26.5%

Summary: Homes in San Bernardino County had an average of 38 days on market in Mar 2024, down by 26.5% compared to last year.

Breakdown of Home Sale Times

794 Homes Were Sold
Under 30 Days

291 Homes Were Sold
In 30 - 90 Days

174 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 1260 homes were sold in San Bernardino County; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 11 Days Ago

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