Is Big Bear Lake, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Bear Lake is a neutral's market

Buyer's
Market

Difference Since August 2021

At the same time last year, Big Bear Lake was a Seller's Market.

Key Takeaway

Big Bear Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Big Bear Lake, CA cost?

Median Sold Price

$673,950

$455/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$111,657(+19.9%)

Key Takeaway

Homes in Big Bear Lake have sold for 19.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $284.5K$385K
+35.3%
2 $400K$485K
+21.3%
3 $575K$700K
+21.7%
4 $863K$865K
0.2%
5+ $1.2M$1.5M
+25.0%

Median Sold Price Compared To Nearby Cities

Big Bear Lake
+19.9%
Big Bear
+18.6%
Fawnskin
-7.6%
Angelus Oaks
-8.4%

How many homes are available in Big Bear Lake, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
238249+4.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 97
-22.2%
2 6373
+15.9%
3 102102
0.0%
4 3541
+17.1%
5+ 2926
-10.3%

Number of Homes Sold

Jul 2022Aug 2022%
3538+8.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Bear Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
29 Days34 Days+16.1%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Big Bear Lake are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Big Bear Lake, CA

Big Bear Lake, CA has 249 homes on the market. The number of homes for sale in Big Bear Lake, CA increased by 4.6% between July 2022 and August 2022. The median list price of listings available in August 2022 was $673,950, while the average time on the real estate market was 34 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 35.3%, the cost of 2 bedrooms properties went up by 21.3%, the cost of 3 bedrooms properties went up by 21.7%, prices of 4 bedrooms properties went up by 0.2%, 5 bedrooms properties became 25% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 22.2% less available, 2 bedrooms homes inventory increased by 15.9%, 3 bedrooms homes did not move, 4 bedrooms homes inventory increased by 17.1%, the quantity of 5 bedrooms homes went down by 10.3%. In August 2022, from all listings sold in Big Bear Lake, CA there were more than 7 sold above asking price, over 19 sold below and more than 12 were sold right at the asked price.

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