Is Fawnskin, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fawnskin has remained a Neutral Market.
Key Takeaway
Fawnskin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fawnskin, CA
How much do homes in Fawnskin, CA cost?
Median Sold Price
$569,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fawnskin have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Fawnskin was $569,000 in March 2024, down 2.9% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $277.5K | -21.8% |
| 2 Bedrooms | $441.2K | $480K | +8.8% |
| 3 Bedrooms | $586.5K | $653.4K | +11.4% |
| 4 Bedrooms | $1.1M | $660K | -43.8% |
| 5+ Bedrooms | $2.0M | $899K | -55.0% |
Summary: Fawnskin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 43.8%, and 5+ bedroom homes decreased by 55%.
Median Sold Price Compared To Nearby Cities
| Lucerne Valley | $277.7K | $302K | +8.7% |
| Big Bear | $458K | $452.3K | -1.3% |
| Fawnskin | $585.7K | $569K | -2.9% |
| Big Bear Lake | $649.2K | $625K | -3.7% |
Housing Supply in Fawnskin, CA
How many homes are available in Fawnskin, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Summary: The Fawnskin real estate market had 33 homes for sale in March 2024, a 10.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Fawnskin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fawnskin, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Fawnskin in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 192 Days | 93 Days | -51.1% |
Summary: Homes in Fawnskin had an average of 93 days on market in Mar 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fawnskin are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Fawnskin; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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.