Residential Real Estate Market

Median Sale Price of Homes Continues to Increase

Given San Bernardino County’s location and relative housing affordability in Southern California, it has become a substantial supplier of housing and construction-related jobs, which are a key employment sector for the region (see Employment). As a result, the county’s economy is acutely sensitive to changes in the housing market. Home sale prices are a key measure of the health of the community’s housing market, as well as consumer confidence. Trends in home sale prices, housing availability and the number of housing permits granted signify the health of the county’s housing market and the local economy.

 Type of SalePricePercent Price is Above or Below Total Sales Median
New Construction$441,500 64%
Resale$265,000-2%

REO$211,431 -22%
Short Sale$238,500 -12%
Total Sales Median$270,000