San Bernardino’s housing market is experiencing notable shifts, reflecting broader economic trends and local developments. Understanding these changes is crucial for prospective homebuyers, renters, and investors.
Current Market Trends
As of March 2026, the median sale price for homes in San Bernardino reached $515,000, marking a 5.1% increase from the previous year. Homes are selling faster, averaging 44 days on the market compared to 48 days last year. Additionally, the median sale price per square foot has risen to $358, up 6.1% year-over-year. These figures indicate a competitive market with rising property values.
Rental Market Insights
The rental sector mirrors this upward trend. The average rent in San Bernardino is $1,925, slightly above the national average of $1,910. This represents a 2.2% increase from the previous year, suggesting a steady demand for rental properties in the area.
Development Projects
To address housing needs, several development projects are underway. The Alder Square project, part of the Arrowhead Grove redevelopment, is set to deliver 92 affordable homes for individuals earning 30% to 80% of the area median income. This initiative aims to provide high-quality housing options and is expected to open in mid-2027.
Additionally, the Neighborhood Housing Services of the Inland Empire (NHSIE) is spearheading a multi-site residential development project across six locations in San Bernardino County. This project will include mixed-use and residential units, contributing to the region’s housing stock.
Conclusion
San Bernardino’s housing market is characterized by rising home prices, increasing rental rates, and proactive development efforts. Staying informed about these trends is essential for making well-informed decisions in this dynamic market.