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 October 2023

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

$489,000

$357/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,009(+7.2%)

Key Takeaway

Homes in San Bernardino have sold for 7.2% more than they did a year ago.

Summary: The median home sold price in San Bernardino was $489,000 in October 2024, up 7.2% from last year, and the median price per square foot was $357.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260K$247.1K
-5.0%
2 $358K$377.5K
+5.4%
3 $459.7K$485K
+5.5%
4 $538.3K$560K
+4.0%
5+ $621K$650K
+4.7%

Summary: San Bernardino housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

San Bernardino
+7.2%
Colton
+7.0%
Rialto
+7.0%
Loma Linda
+6.6%
Highland
0.4%

Housing Supply in San Bernardino, CA

How many homes are available in San Bernardino, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
553565+2.2%

Summary: The San Bernardino real estate market had 565 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1719
+11.8%
2 127133
+4.7%
3 220215
-2.3%
4 139146
+5.0%
5+ 5052
+4.0%

Summary: The San Bernardino housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
112118+5.4%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

59 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.

Summary: A total of 118 homes were sold or pending in San Bernardino in October 2024, up by 5.4% month-over-month. Of the 117 sold homes, 26% were sold under asking, 23% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
29 Days28 Days-1.3%

Summary: Homes in San Bernardino had an average of 28 days on market in Oct 2024, down by 1.3% compared to last year.

Breakdown of Home Sale Times

80 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

5 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.

Summary: During October 2024, 118 homes were sold in San Bernardino; 68% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 4% 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 16 Days Ago

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