Is Fawnskin, 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, Fawnskin was a Neutral Market.
Key Takeaway
Fawnskin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fawnskin, CA
How much do homes in Fawnskin, CA cost?
Median Sold Price
$570,000
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Fawnskin has remained the same since last year.
Summary: The median home sold price in Fawnskin was $570,000 in May 2024, up 0.2% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $230K | -35.2% |
| 2 Bedrooms | $355K | $486.2K | +37.0% |
| 3 Bedrooms | $581.2K | $653.4K | +12.4% |
| 4 Bedrooms | $1.1M | $1.1M | 0.2% |
| 5+ Bedrooms | $2.0M | $999.5K | -50.0% |
Summary: Fawnskin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Cities
| Lucerne Valley | $260K | $294.3K | +13.2% |
| Angelus Oaks | $320K | $340K | +6.3% |
| Big Bear Lake | $627.6K | $629.5K | 0.3% |
| Fawnskin | $569K | $570K | 0.2% |
| Big Bear | $449.4K | $449.2K | -0.1% |
Housing Supply in Fawnskin, CA
How many homes are available in Fawnskin, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 51 | +37.8% |
Summary: The Fawnskin real estate market had 51 homes for sale in May 2024, a 37.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 14 | +27.3% |
| 3 Bedrooms | 11 | 16 | +45.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Fawnskin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 45.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fawnskin, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fawnskin in May 2024, up by 233.3% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Fawnskin, CA
How long does it take to sell a home in Fawnskin, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 64 Days | +87.3% |
Summary: Homes in Fawnskin had an average of 64 days on market in May 2024, up by 87.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fawnskin are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Fawnskin; 50% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 40% 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.