Is Big Bear Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Big Bear Lake was a Neutral Market.
Housing Prices in Big Bear Lake, CA
How much do homes in Big Bear Lake, CA cost?
Median Sold Price
$625,000
$444/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Big Bear Lake was $625,000 in April 2024, down 3.7% from last year, and the median price per square foot was $444.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $370K | $357K | -3.5% |
2 Bedrooms | $481K | $475K | -1.2% |
3 Bedrooms | $685K | $657.5K | -4.0% |
4 Bedrooms | $920K | $949.5K | +3.2% |
5+ Bedrooms | $1.2M | $1.4M | +19.2% |
Summary: Big Bear Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in Big Bear Lake, CA
How many homes are available in Big Bear Lake, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
216 | 269 | +24.5% |
Summary: The Big Bear Lake real estate market had 269 homes for sale in April 2024, a 24.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 49 | 70 | +42.9% |
3 Bedrooms | 86 | 102 | +18.6% |
4 Bedrooms | 40 | 49 | +22.5% |
5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The Big Bear Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Big Bear Lake in April 2024, down by 13.3% month-over-month. Of the 26 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Big Bear Lake, CA
How long does it take to sell a home in Big Bear Lake, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 123 Days | +47.7% |
Summary: Homes in Big Bear Lake had an average of 123 days on market in Apr 2024, up by 47.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Big Bear Lake; 15% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 69% of homes were sold over 90 days.