San Bernardino County home prices up by 1.1% with median price of $480,000

Published on

SAN BERNARDINO COUNTY – CoreLogic, a global property information provider, released Wednesday, its monthly Southern California home sales report for March 2023. Based on county records, the company finds that San Bernardino County home prices are up by 1.1% since March 2022 with a $480,000 median price.

San Bernardino is the only county that CoreLogic tracks that saw an increase in median home sales price for this period. 

Altogether the 6 counties had a collective 2.1% decrease from one year earlier. 

Orange County posted Southern California’s highest median sales price for all tracked residential property types in March, at $990,000, down 2.5% from last year. It was followed by Los Angeles ($799,000) a 4.4% decrease, San Diego ($790,000) a 1.3% decrease, Ventura ($775,000) with a 0% change and Riverside ($536,000) down 4.9%.

“While Southern California home sales activity is still trending notably below 2022 levels, the seasonal rebound and falling mortgage rates have attracted more buyers to the market,” said CoreLogic Chief Economist Selma Hepp. 

Photo credit: CoreLogic

Hepp says that while spring reinvigorated buyer activity, many sellers are still on the sidelines, keeping the inventory of for-sale homes in the region consistently low. Due to the shortage of homes on the market, both home prices and market competition have bounced back.

RELATED: WISH grant provides first time homebuyers up to $22,000 for downpayment

In addition to a decrease in median home price, Southern California home sales volume also  declined by -37.5% year over year in March. All six counties saw similar drops as the regional average, ranging from -43.3% in San Bernardino County to -33.8% in Orange County.

The next CoreLogic Southern California Home Sales report, featuring April 2023 data, will be released in May 2023.


Latest articles

ADU grant up to $40,000 accepting applications December 11

CALIFORNIA – The California Housing Finance Agency (CalHFA), announced November 27, that the Accessory...

CA awards over $140 Million in grants and tax credits – next round of applications due Jan. 2024

CALIFORNIA –  Governor Gavin Newsom announced, November 17, that California awarded more than $140...

Turf replacement program still offering up to $100,000 rebate for SoCal residents and businesses

SOUTHERN CALIFORNIA – The Metropolitan Water District is providing up to $10,000 rebates to...

Elf The Musical JR coming to the Cultural Arts Center of the High Desert December 1st 

VICTORVILLE – Victorville residents will embrace their inner “elf” when Phil 413 Productions students...
Powered by

More like this

ADU grant up to $40,000 accepting applications December 11

CALIFORNIA – The California Housing Finance Agency (CalHFA), announced November 27, that the Accessory...

Congressional Members urge Commissioner to stabilize insurance — 85% of market restricted in CA

CALIFORNIA – California Congressional Members sent a letter, dated November 6, to Insurance Commissioner...

Report says $127,200 minimum income needed to purchase a home in San Bernardino County 

SAN BERNARDINO COUNTY – The California Association of Realtors (CAR) published, Friday, their Housing...