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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fawnskin is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Fawnskin was a Seller's Market.

Key Takeaway

Fawnskin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fawnskin, CA

How much do homes in Fawnskin, CA cost?

Median Sold Price

$535,000

$381/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$34,000(-6.0%)

Key Takeaway

Homes in Fawnskin have sold for 6% less than they did a year ago.

Summary: The median home sold price in Fawnskin was $535,000 in October 2024, down 6% from last year, and the median price per square foot was $381.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $277.5K$265K
-4.5%
2 $421K$405K
-3.8%
3 $673.7K$575K
-14.7%
4 $805K$1.1M
+46.6%
5+ $1.2M$875K
-28.2%

Summary: Fawnskin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes decreased by 28.2%.

Median Sold Price Compared To Nearby Cities

Lucerne Valley
+13.5%
Big Bear
-2.4%
Big Bear Lake
-4.2%
Fawnskin
-6.0%

Housing Supply in Fawnskin, CA

How many homes are available in Fawnskin, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4542-6.7%

Summary: The Fawnskin real estate market had 42 homes for sale in October 2024, a 6.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1515
0.0%
3 1211
-8.3%
4 98
-11.1%
5+ 76
-14.3%

Summary: The Fawnskin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fawnskin, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Fawnskin in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
77 Days69 Days-11.0%

Summary: Homes in Fawnskin had an average of 69 days on market in Oct 2024, down by 11% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fawnskin has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Fawnskin; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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