Big Bear Real Estate Market Stats for the month of September 2024
Market Wide Summary
The average sales price of single family homes in Big Bear in September was up 26% compared to the previous month, and the median sales price was up 5%. Average sales price over Jan-Sept 2024 was 6% lower and median sales price was 3% lower compared to Jan-Sept 2023.
List Price vs. Sale Price and Days on Market
Properties sold in September went for 98% of the asking price after 84 days on market on average, compared to 98% and 76 DOM in August. The list-to-sell price ratio was 98% on average over Jan-Sept 2024, same as over Jan-Sept 2023.
Big Bear Inventory Trends
Total inventory* was down 4% month over month, and there was an 49% decrease in new listings in September compared to August. The total number of homes on the market last month was about 31% higher than it was in September last year. As of this writing, the active inventory is 426.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 61 sales in September, which was 24% fewer than in August. The total number of sales Jan-Sept was 6% lower compared to sales Jan-Sept 2023.
Home Prices By Quarter
The graph below shows average and median home prices in each quarter over the past 5 years. We can see that after a peak in home prices in the first quarter of 2022, a decline for the rest of 2022, and then relatively steady sale prices from Q1 2023 to present; especially the average sales price over the last 4 quarters.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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