Is Fawnskin, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fawnskin is a 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

+$1,000(+0.2%)

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

# BEDSMay 2023May 2024CHANGE
1 $355K$230K
-35.2%
2 $355K$486.2K
+37.0%
3 $581.2K$653.4K
+12.4%
4 $1.1M$1.1M
0.2%
5+ $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
+13.2%
Angelus Oaks
+6.3%
Big Bear Lake
0.3%
Fawnskin
0.2%
Big Bear
-0.1%

Housing Supply in Fawnskin, CA

How many homes are available in Fawnskin, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3751+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

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1114
+27.3%
3 1116
+45.5%
4 1010
0.0%
5+ 38
+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 2024May 2024CHANGE
310+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

Asking vs Sold - buyer

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 2023May 2024CHANGE
34 Days64 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

Breakdown of Home Sale Times

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.

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

Report Updated 12 Days Ago

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