Big Bear Real Estate Market Stats for the month of June 2023
Market Wide Summary
The Big Bear real estate market continues to show signs of stabilization. The average sales price of single family homes in Big Bear in June was down 3% compared to the previous month, and the median sales price was down 4%. Average sales price over Jan-June 2023 was 8% lower and median sales price was down 11% compared to Jan-June 2022.
List Price vs. Sale Price and Days on Market
Properties sold in June went for 99% of the asking price after 76 days on market on average, compared to 98% and 92 DOM in May. The list-to-sell price ratio was 98% on average over Jan-June, as compared to 103% over Jan-June 2022.
Big Bear Inventory Trends
Total inventory* increased by 32% month over month, and there were 5 fewer new listings in June than in May. The total number of homes on the market last month was about 3% more than it was in June of last year. As of this writing, there are 323 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Home Prices By Quarter
The graph below shows average and median home prices in each quarter since Q2 2018. We see that home prices peaked in the first quarter of 2022 and then declined over the rest of that year. Prices then took an upward trend in the first quarter of this year and remained relatively flat in Q2. 
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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