SAN BERNARDINO COUNTY MEDIAN HOME PRICE HITS $505,000
Given San Bernardino County’s location and relative housing affordability in Southern California, it has become a substantial source of jobs in construction and housing-related industries. As a result, the county’s economy is acutely sensitive to changes in the housing market. The trends tracked in this indicator – 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, as well as consumer confidence.
TREND
The median sale price of existing single-family homes in San Bernardino County increased by 10% in one year, from $460,000 in January 2024 to $505,000 in January 2025. This outpaced the 6% growth in median sales price statewide. During the 10-year period between January 2015 to January 2025, the median sale price of homes increased 144% in San Bernardino County, compared to a 96% increase in California.
MEDIAN HOME PRICE MAINTAINS MODERATE GROWTH
Median Sale Price of Existing Detached Homes in San Bernardino County and California, January 2015 – January 2025
Homes sales were virtually flat between 2023 and 2024, with 17,663 sales in 2024. The 10-year figure, however, is down 29% from 2015, when 25,024 homes were sold. Homes sold include single family residences, condominiums, and new homes.
HOMES SOLD LEVEL OUT AFTER POST PEAK DROP
Number of Homes Sold in San Bernardino County, 2015-2024
Based on preliminary 2024 data, the absolute number of housing permits granted decreased 25% between 2023 and 2024, from 7,315 to 5,458 housing permits. This translates to 2.5 permits granted per 1,000 residents in San Bernardino County in 2024, a decrease of 0.9 percentage points from 2023 when 3.4 permits per 1,000 residents were granted. The 2024 per resident rate of permits granted in San Bernardino County is about the same as the California rate of 2.6. Since 2015, the per resident rate of permits granted in San Bernardino County increased by 40%, from 1.8 permits per 1,000 residents.
RATE OF HOUSING PERMITS GRANTED IN SAN BERNARDINO COUNTY FALLS
Housing Permits Granted per 1,000 Residents in San Bernardino County and California, 2015-2024