Is Big Bear City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Big Bear City was a Seller's Market.
Key Takeaway
Big Bear City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Bear City, CA
How much do homes in Big Bear City, CA cost?
Median Sold Price
$499,373
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Big Bear City have sold for 2% more than they did a year ago.
Summary: The median home sold price in Big Bear City was $499,373 in May 2024, up 2% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $263.2K | -4.3% |
| 2 Bedrooms | $382.5K | $399.3K | +4.4% |
| 3 Bedrooms | $560.3K | $589K | +5.1% |
| 4 Bedrooms | $800K | $850K | +6.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +2.9% |
Summary: Big Bear City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.9%.
Housing Supply in Big Bear City, CA
How many homes are available in Big Bear City, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 546 | 703 | +28.8% |
Summary: The Big Bear City real estate market had 703 homes for sale in May 2024, a 28.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 32 | 40 | +25.0% |
| 2 Bedrooms | 175 | 214 | +22.3% |
| 3 Bedrooms | 198 | 278 | +40.4% |
| 4 Bedrooms | 81 | 101 | +24.7% |
| 5+ Bedrooms | 60 | 70 | +16.7% |
Summary: The Big Bear City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 40.4%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 78 | 69 | -11.5% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Bear City, you may be able to get a good deal. 68.1% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Big Bear City in May 2024, down by 11.5% month-over-month. Of the 69 sold homes, 68% were sold under asking, 10% were sold at asking, and 22% were sold over asking.
Days on Market for Big Bear City, CA
How long does it take to sell a home in Big Bear City, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 57 Days | -2.0% |
Summary: Homes in Big Bear City had an average of 57 days on market in May 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Big Bear City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 69 homes were sold in Big Bear City; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.