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 May 2023
At the same time last year, Big Bear Lake was a Seller's Market.
Housing Prices in Big Bear Lake, CA
How much do homes in Big Bear Lake, CA cost?
Median Sold Price
$629,583
$441/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Big Bear Lake was $629,583 in May 2024, up 0.3% from last year, and the median price per square foot was $441.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362.5K | $368.5K | +1.7% |
2 Bedrooms | $479.9K | $470K | -2.1% |
3 Bedrooms | $660K | $663K | 0.5% |
4 Bedrooms | $905K | $939K | +3.8% |
5+ Bedrooms | $1.2M | $1.5M | +21.2% |
Summary: Big Bear Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 21.2%.
Housing Supply in Big Bear Lake, CA
How many homes are available in Big Bear Lake, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
263 | 341 | +29.7% |
Summary: The Big Bear Lake real estate market had 341 homes for sale in May 2024, a 29.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 16 | +33.3% |
2 Bedrooms | 70 | 84 | +20.0% |
3 Bedrooms | 97 | 134 | +38.1% |
4 Bedrooms | 47 | 64 | +36.2% |
5+ Bedrooms | 37 | 43 | +16.2% |
Summary: The Big Bear Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 38.1%, 4 bedroom homes increased by 36.2%, and 5+ bedroom homes increased by 16.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 25 | -10.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Big Bear Lake in May 2024, down by 10.7% month-over-month. Of the 25 sold homes, 80% were sold under asking, 16% were sold at asking, and 4% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
80 Days | 36 Days | -55.3% |
Summary: Homes in Big Bear Lake had an average of 36 days on market in May 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Big Bear Lake; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.