Big Bear Real Estate Market Stats for the month of October 2024
Market Wide Summary
The average sales price of single family homes in Big Bear in October was down 13% compared to the previous month, and the median sales price was down 10%. Average sales price over Jan-Oct 2024 was 6% lower and median sales price was down 5% compared to Jan-Oct 2023.
List Price vs. Sale Price and Days on Market
Properties sold in October went for 97% of the asking price after 113 days on market on average, compared to 98% and 84 DOM in September. The list-to-sell price ratio was 98% on average over Jan-Oct of this year, same as it was over Jan-Oct 2023.
Big Bear Inventory Trends
Total inventory* decreased by 4% month over month, though there were 21 more new listings in October than in September. The total number of homes on the market last month was about 23% higher than it was in October of last year. As of this writing, there are 405 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 61 sales in October, virtually the same as in September, and 7% more than in October of last year. The total number of sales Jan-Oct was 5% lower compared to sales Jan-Oct 2023.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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