Quantcast

Victor Valley Times

Sunday, November 24, 2024

San Bernardino County home valuations rose in Q3 2023

Re 10

The median sale price of a home sold in the third quarter of 2023 in San Bernardino County rose by $4,000, while total sales decreased by 21.4%, according to BlockShopper.com.

From July through September of 2023, 4,754 homes were sold in the county, with sale prices around $484,000. This is a 0.8% increase over the $480,000 median sale price during the same period in 2022, when there were 6,050 homes sold.

Based on the latest available data from 2021, the median sales tax on homes in San Bernardino County was $3,210, which equates to 0.7% of the median home sale price for the third quarter of 2023.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in San Bernardino County from July 2022 to September 2023.

Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023$480,000$480,000$460,000$460,000$460,000$460,000$470,000$470,000$484,000$484,000

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS