Is Big Bear, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Big Bear was a Seller's Market.
Key Takeaway
Big Bear is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Bear, CA
How much do homes in Big Bear, CA cost?
Median Sold Price
$453,768
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Big Bear have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Big Bear was $453,768 in November 2023, down 2.4% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $261K | -13.0% |
| 2 Bedrooms | $375K | $377.3K | +0.6% |
| 3 Bedrooms | $560K | $521K | -7.0% |
| 4 Bedrooms | $702.5K | $686.2K | -2.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +14.1% |
Summary: Big Bear housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Green Valley Lake | $339.9K | $350K | +3.0% |
| Big Bear | $464.8K | $453.7K | -2.4% |
| Fawnskin | $595.7K | $567K | -4.8% |
| Skyforest | $482.5K | $440K | -8.8% |
| Cedar Glen | $575K | $390K | -32.2% |
Housing Supply in Big Bear, CA
How many homes are available in Big Bear, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 756 | 750 | -0.8% |
Summary: The Big Bear real estate market had 750 homes for sale in November 2023, a 0.8% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 58 | 53 | -8.6% |
| 2 Bedrooms | 254 | 252 | -0.8% |
| 3 Bedrooms | 270 | 271 | 0.4% |
| 4 Bedrooms | 118 | 116 | -1.7% |
| 5+ Bedrooms | 56 | 58 | +3.6% |
Summary: The Big Bear housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 101 | 74 | -26.7% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Bear, you may be able to get a good deal. 60.8% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Big Bear in November 2023, down by 26.7% month-over-month. Of the 74 sold homes, 61% were sold under asking, 20% were sold at asking, and 19% were sold over asking.
Days on Market for Big Bear, CA
How long does it take to sell a home in Big Bear, CA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 55 Days | 57 Days | +4.5% |
Summary: Homes in Big Bear had an average of 57 days on market in Nov 2023, up by 4.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Big Bear has remained consistent over time.
Summary: During November 2023, 74 homes were sold in Big Bear; 38% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 22% 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.