Big Bear Real Estate Market May 2023

Big Bear Real Estate Market Stats for the month of May 2023

Market Wide Summary

The average sales price of single family homes in Big Bear in May was down 21% compared to the previous month, but the median sales price was up 7%. Average sales price over Jan-May 2023 was 6% lower and median sales price was down 11% compared to Jan-May 2022.

List Price vs. Sale Price and Days on Market

Properties sold in May went for 98% of the asking price after 92 days on market on average, compared to 99% and 100 DOM in April. The list-to-sell price ratio was 98% on average over Jan-May, as compared to 104% over Jan-May 2022.

Big Bear Inventory Trends

Total inventory* increased by 13% month over month, and there were 22 more new listings in May than in April. The total number of homes on the market last month was about 10% more than it was in May of last year. As of this writing, there are 269 single family homes for sale in Big Bear. *Total listed inventory numbers as of the 15th of each month.

Closed Transactions

There were 75 sales in May, which was 50% more than in April, and 17% less than in May of last year. The total number of sales Jan-May was 42% lower compared to sales Jan-May 2022. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.