Is San Bernardino, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, San Bernardino has remained a Seller's Market.
Housing Prices in San Bernardino, CA
How much do homes in San Bernardino, CA cost?
Median Sold Price
$472,583
$349/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Bernardino was $472,583 in May 2024, up 3.9% from last year, and the median price per square foot was $349.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $245K | $255K | +4.1% |
2 Bedrooms | $350.7K | $370K | +5.5% |
3 Bedrooms | $455K | $475K | +4.4% |
4 Bedrooms | $525K | $549.9K | +4.8% |
5+ Bedrooms | $606K | $600K | -1.0% |
Summary: San Bernardino housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Cities
Rialto | $539.8K | $567.5K | +5.1% |
San Bernardino | $454.9K | $472.5K | +3.9% |
Colton | $465K | $483K | +3.9% |
Loma Linda | $580K | $585K | +0.9% |
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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
506 | 511 | +1.0% |
Summary: The San Bernardino real estate market had 511 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 18 | +12.5% |
2 Bedrooms | 113 | 97 | -14.2% |
3 Bedrooms | 215 | 227 | +5.6% |
4 Bedrooms | 126 | 129 | +2.4% |
5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The San Bernardino housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 130 | +4.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
80 Homes Were Sold
Over Asking
Summary: A total of 130 homes were sold or pending in San Bernardino in May 2024, up by 4.0% month-over-month. Of the 130 sold homes, 18% were sold under asking, 20% were sold at asking, and 62% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 25 Days | -35.5% |
Summary: Homes in San Bernardino had an average of 25 days on market in May 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
101 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 130 homes were sold in San Bernardino; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.