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Inland Empire Housing Market

By Jesse Gundersheim

Condos boost sales activity

Home sales activity in the Inland Empire increased modestly in March, indicating steady demand despite higher borrowing costs and softening prices. Total home sales rose 1.7% year over year, outperforming the national increase of 0.5%. Sales gains were driven primarily by townhomes and condos, while single-family sales recorded only a marginal increase of 0.4%.

Inventory tightens counter to national trend

On the supply side, inventory tightened further. Active listings declined 1.6% year over year in March, compared with a 10.7% increase nationally, ranking the region 37th among the top 40 markets for annual inventory change. Inventory levels remain well below pre-pandemic norms, with active listings 23.6% under March 2019 levels. Single-family inventory continued to contract, while townhome and condo listings increased.

Home prices record the sharpest decline among 40 major markets

The median home sale price declined 2.4% year over year in March, ranking last among the top 40 U.S. markets for annual price change. Single-family home prices were down 0.8% year over year. Despite the decline, the region remained one of the higher-priced large markets, ranking eleventh nationally, with prices well above the national median. While values remain below the recent peak reached last spring, affordability continues to constrain pricing. Key demand drivers have weakened, with annual median household income growth slowing to around 3%, job growth moderating to around 1%, and population growth decelerating amid limited international migration.


Bar chart showing percent change in March sale prices by metro, with Inland Empire down 2.4%.
March prices in the Inland Empire declined 2.4% year over year, ranking last among the top 40 U.S. markets.


Inland Empire Sale Prices

The median home sale price in the Inland Empire decreased by 2.4% in March compared to the same time last year, while the national median price rose 1.3%.

Inland Empire ranks 40th for annual median home sale price change among the top 40 US markets

Inland Empire’s median home price fell by $14,500 year over year in March to $580,000. Meanwhile, the national median home price increased by $5,000 to $385,000.

Inland Empire’s median home sale price is above the nation’s median

Inland Empire was the 11th-highest-priced housing market among the top 40 largest markets in March. The Inland Empire median home price of $580,000 was 51.6% above the national median. Inland Empire’s median home price in March compares to the market’s peak of $595,885 recorded in April of last year.

Inland Empire single-family prices decrease

The median price of Inland Empire single-family homes fell $5,000 over the past year to $600,000. Annual price decline for Inland Empire single-family homes was 0.8% in March, while the median townhome price fell 2.2% and the median condo price increased by 1.1%.


Key indicator graphic summarizing Inland Empire March sale prices, annual change, and national rankings.
The Inland Empire’s March median price was $580,000, down 2.4% year over year, ranking 11th nationally by price level.


Bar chart of Inland Empire March median sale prices from 2018–2026, showing recent softening.
Inland Empire's home sales prices remain elevated but slightly below recent peaks.


Area chart showing the year-over-year percent change in home sale prices, with Inland Empire prices down year over year in March 2026.
Home sale prices in the Inland Empire fell in March 2026, extending the year-over-year decline to a sixth straight month.


Bar chart showing the year-over-year percent change in the median home sale price in March over the past nine years, with the Inland Empire's median home sale price declining 2.4% year over year in March 2026.
Inland Empire's home sale price declined by 2.4% year-over-year in March 2026, reversing from an increase in the prior two years.


Bar chart comparing March median home prices across U.S. metros, showing Inland Empire at $580,000, below coastal peers.
The Inland Empire’s median March sale price was $580,000, well below coastal California markets but above the national median of $385,000.


Bar chart showing percent change in March sale prices by metro, with Inland Empire down 2.4%.
March prices in the Inland Empire declined 2.4% year over year, ranking last among the top 40 U.S. markets.


Key indicator chart showing Inland Empire sale prices by property type, with condos the only segment gaining year over year.
Single-family and townhomes saw price declines in March, while condos were the only segment posting an increase.


Bar chart showing median prices for single-family, townhome, and condo homes in the Inland Empire in March 2026, along with their annual percent change.
Pricing for single-family homes in the Inland Empire declined 0.8% year over year, townhome pricing fell 2.2%, and condo pricing rose 1.1%.


Inland Empire Inventory

The number of active listings in the Inland Empire decreased by 1.6% in March compared to the same time last year, while nationwide active listings rose by 10.7%.

Inland Empire’s inventory of homes for sale decreases

Inland Empire active listings fell by 252 year over year in March to 15,700 active listings. Inland Empire ranked 37th on a percentage basis for the annual change in the number of homes for sale out of the top 40 U.S. markets in March.

Inland Empire’s active listings are below pre-pandemic levels

Inland Empire active listings fell over the past year and are now 23.6% below the March 2019 total of 20,562. For context, inventory of homes for sale stood at 1,274,931 for the nation as a whole in March, a 1.8% decrease from March 2019.

Inland Empire single-family inventory falls

Inland Empire single-family active listings fell by 5.1% to 12,791 in March. In comparison, townhome active listings rose by 46.1% to 659 and condo active listings increased by 11.1% to 225


Key indicator summary of Inland Empire March active listings, annual change, and national rankings.
While Inland Empire listings fell by 1.6% year over year in March, U.S. listings soared 10.7% higher.


Area chart showing the year-over-year percent change in Inland Empire active listings, turning negative in 2026.
Year‑over‑year inventory growth has slowed sharply, with March 2026 listings down 1.6% year over year.


Bar chart showing the year-over-year change in active home listings in March over the past nine years, showing that listings fell 1.6% year over year in March 2026, a significant shift from the 33.9% year-over-year increase in March 2025.
Listings fell 0.8% year over year in February 2026, a significant shift from the 32.8% year-over-year increase in February 2025.


Bar chart showing active listings in March in the top 40 U.S. metros.
Inland Empire ranked 11th in active listing count among the top 40 U.S. metros in March.


Bar chart of year over year home listing growth among the top 40 U.S. metros, showing Inland Empire ranked 37th.
Inland Empire ranked 37th among the top 40 U.S. metros for listing growth in February 2026, with a 1.6% decline.


Key indicator chart showing active listings and annual growth by property type in the Inland Empire.
Single-family home listings in the Inland Empire fell to 12,781, while townhome listings jumped to 659 and condo listings increased to 2,250.


Bar chart showing listing trends by home type: single-family, townhome, and condos.
Single-family home listings in the Inland Empire fell 5.1% year over year in March 2026, while townhome listings rose 46.1% and condo listings increased by 11.1%.


Inland Empire Home Sales

The number of home sales in the Inland Empire increased by 1.7% in March compared to the same time last year, while national home sales increased by 0.5%.

Inland Empire home sales increase

Inland Empire home sales increased by 62 year over year in March to 3,737 sales. For context, 3,675 sales closed in the Inland Empire in March 2025.

Inland Empire’s annual home sales activity change ranks 15th nationally

Inland Empire ranked 15th for the annual increase in home sales out of the top 40 U.S. markets in March on a percentage basis. This year’s March increase of 1.7% compares to 0.2% year-over-year decline in March 2025.

Inland Empire single-family sales are higher than a year ago

Inland Empire single-family sales increased by 0.4% year over year in March to 3,130 total sales. In comparison, townhome sales rose by 25.5% to 133 and condo sales increased by 4.9% to 474.


Key indicator graphic summarizing Inland Empire March home sales, annual growth, and national rankings.
Inland Empire posted 3,737 March sales, up 1.7% year over year, ranking 10th nationally by volume.


Bar chart showing monthly home sales in the Inland Empire over the past nine years, showing March 2026 sales at 3,737.
Home sales in the Inland Empire jumped up in March and increased slightly year-over-year.


Area chart showing the year-over-year change in Inland Empire home sales from 2018 to 2026.
Annual sales growth has normalized after pandemic volatility, with modest positive growth returning in 2026.


Bar chart showing the year-over-year change in home sales in March over the past nine years.
Inland Empire home sales increased 1.7% year over year in March 2026, accelerating from the 0.2% year over year increase recorded in March 2025.


Bar chart showing the number of home sales across the top 40 U.S. markets in March 2026, with the Inland Empire ranking 10th.
With 3,737 homes sold in March 2026, the Inland Empire ranked 10th among the top 40 U.S. metros.


Bar chart showing the year-over-year percent change in home sales across the top 40 U.S. markets in March 2026, with the Inland Empire ranking 15th, in the middle of the pack.
The 1.7% year-over-year increase in Inland Empire home sales in March ranks 15th among the top 40 U.S. metros, in the middle of the pack.


Key indicator chart summarizing Inland Empire home sales and annual growth by property type.
Townhome and condo sales drove year‑over‑year growth, while single-family sales only increased slightly.


Bar chart showing Inland Empire sale trends in March by home type: single-family, townhomes, and condos.
Single-family home sales rose 0.4% year over year in March, while townhome sales increased 25.5% and condo sales increased 4.9%.


For questions and commentary about this report:

Jesse Gundersheim, Senior Director of Market Analytics at CoStar and Homes.com, based in Irvine, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Jesse Gundersheim

Senior Director of Market Analytics

Homes.com

jgundersheim@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in the Inland Empire during March 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Jesse Gundersheim

Jesse Gundersheim is a Senior Director of Market Analytics at CoStar and Homes.com, where he leads analysis of commercial and residential real estate markets across Southern California. His residential work provides insights into home prices, inventory, rental conditions, and key economic drivers shaping the housing market. Jesse helps brokers, investors, and lenders make informed, data-driven decisions. He has more than 20 years of experience in real estate market analytics and has been featured in The Wall Street Journal, the Los Angeles Times, the San Francisco Chronicle, and Business Times. Jesse holds a bachelor’s degree in finance from the University of Arizona.

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