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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Bear is a buyer's market

Buyer's
Market

Difference Since April 2023

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

$451,714

$376/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,714(+0.4%)

Key Takeaway

The sold price of homes in Big Bear has remained the same since last year.

Summary: The median home sold price in Big Bear was $451,714 in April 2024, up 0.4% from last year, and the median price per square foot was $376.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $285K$263.2K
-7.6%
2 $372K$374.4K
+0.7%
3 $525K$535K
+1.9%
4 $705K$725.5K
+2.9%
5+ $1.1M$1.0M
-7.3%

Summary: Big Bear housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 7.3%.

Median Sold Price Compared To Nearby Cities

Big Bear
0.4%
Green Valley Lake
-1.1%
Fawnskin
-1.7%
Skyforest
-9.3%

Housing Supply in Big Bear, CA

How many homes are available in Big Bear, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
650747+14.9%

Summary: The Big Bear real estate market had 747 homes for sale in April 2024, a 14.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 4554
+20.0%
2 210244
+16.2%
3 233259
+11.2%
4 94114
+21.3%
5+ 6876
+11.8%

Summary: The Big Bear housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
8990+1.1%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Bear, you may be able to get a good deal. 64.4% of homes here sold below asking price last month.

Summary: A total of 90 homes were sold or pending in Big Bear in April 2024, up by 1.1% month-over-month. Of the 90 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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

Apr 2023Apr 2024CHANGE
67 Days93 Days+38.3%

Summary: Homes in Big Bear had an average of 93 days on market in Apr 2024, up by 38.3% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

40 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Big Bear are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 90 homes were sold in Big Bear; 36% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 44% 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 1 Day Ago

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