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 November 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

$490,931

$355/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$32,560(+7.1%)

Key Takeaway

Homes in San Bernardino have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in San Bernardino was $490,931 in November 2024, up 7.1% from last year, and the median price per square foot was $355.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $262K$240K
-8.4%
2 $360K$385K
+6.9%
3 $460K$490K
+6.5%
4 $539.9K$562.2K
+4.1%
5+ $612K$677.5K
+10.7%

Summary: San Bernardino housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Cities

Loma Linda
+7.5%
San Bernardino
+7.1%
Colton
+7.0%
Rialto
+6.9%
Highland
+4.4%

Housing Supply in San Bernardino, CA

How many homes are available in San Bernardino, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
586550-6.1%

Summary: The San Bernardino real estate market had 550 homes for sale in November 2024, a 6.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1819
+5.6%
2 131124
-5.3%
3 219211
-3.7%
4 152140
-7.9%
5+ 6656
-15.2%

Summary: The San Bernardino housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 15.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
122107-12.3%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

57 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. 53.3% of homes here sold above asking price last month.

Summary: A total of 107 homes were sold or pending in San Bernardino in November 2024, down by 12.3% month-over-month. Of the 107 sold homes, 24% were sold under asking, 22% were sold at asking, and 53% 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 2023Nov 2024CHANGE
29 Days33 Days+15.4%

Summary: Homes in San Bernardino had an average of 33 days on market in Nov 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

10 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 November 2024, 107 homes were sold in San Bernardino; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% 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 17 Days Ago

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