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 November 2022
At the same time last year, Big Bear Lake was a Neutral Market.
Key Takeaway
Big Bear Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Big Bear Lake, CA
How much do homes in Big Bear Lake, CA cost?
Median Sold Price
$634,000
$442/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Big Bear Lake have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Big Bear Lake was $634,000 in November 2023, down 6.6% from last year, and the median price per square foot was $442.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $356K | -7.5% |
| 2 Bedrooms | $505K | $475K | -5.9% |
| 3 Bedrooms | $710K | $657.5K | -7.4% |
| 4 Bedrooms | $880K | $930K | +5.7% |
| 5+ Bedrooms | $1.5M | $1.3M | -10.3% |
Summary: Big Bear Lake housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 10.3%.
Housing Supply in Big Bear Lake, CA
How many homes are available in Big Bear Lake, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 255 | 260 | +2.0% |
Summary: The Big Bear Lake real estate market had 260 homes for sale in November 2023, a 2.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 69 | 68 | -1.4% |
| 3 Bedrooms | 101 | 99 | -2.0% |
| 4 Bedrooms | 48 | 52 | +8.3% |
| 5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Big Bear Lake housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 35 | 20 | -42.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Bear Lake, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Big Bear Lake in November 2023, down by 42.9% month-over-month. Of the 20 sold homes, 70% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 54 Days | 81 Days | +49.8% |
Summary: Homes in Big Bear Lake had an average of 81 days on market in Nov 2023, up by 49.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Big Bear Lake has remained consistent over time.
Summary: During November 2023, 20 homes were sold in Big Bear Lake; 25% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 30% 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.