Big Bear Real Estate Market Stats for the month of November 2024
Market Wide Summary
The average sales price of single family homes in Big Bear in November was up 36% compared to the previous month, and the median sales price was up 21%. However, both average and median sales prices over Jan-Nov 2024 were just 2% lower compared to Jan-Nov 2023.
List Price vs. Sale Price and Days on Market
Properties sold in November went for 96% of the asking price after 108 days on market on average, compared to 97% and 113 DOM in October. The list-to-sell price ratio was 97% on average over Jan-Nov of this year, as compared to 98% over Jan-Nov 2023.
Big Bear Inventory Trends
Total inventory* decreased by 7% month over month, and there were 2 more new listings in November than in October. The total number of homes on the market last month was about 19% higher than it was in November of last year. As of this writing, there are 371 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 71 sales in November, which was 16% more than in October, and 45% more than in November of last year. The total number of sales Jan-Nov was just 1% lower compared to sales Jan-Nov 2023.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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