Big Bear Real Estate Market Stats for the month of February 2024
Market Wide Summary
The average sales price of single family homes in Big Bear in February was up 17% compared to the previous month, and the median sales price was up 26%. Average sales price over Jan-Feb 2024 was 6% lower and median sales price was up 6% compared to Jan-Feb 2023.
List Price vs. Sale Price and Days on Market
Properties sold in February went for 98% of the asking price after 103 days on market on average, compared to 97% and 85 DOM in January. The list-to-sell price ratio was 98% on average over Jan-Feb of this year, as compared to 97% over Jan-Feb 2023.
Big Bear Inventory Trends
Total inventory* increased by a modest 2% month over month, though there were 39% more new listings in February than in January. The total number of homes on the market last month was about 39% higher than it was in February of last year. As of this writing, there are 234 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 52 sales in February, which was 6% more than in January, and 4% more than in February of last year. The total number of sales Jan-Feb was 4% lower compared to sales Jan-Feb 2023.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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