Big Bear Real Estate Market May 2022

Big Bear Real Estate Market Stats for the month of May 2022

Market Wide Summary

The average sales price of single family homes in Big Bear in May was down 3% compared to the previous month, and the median sales price remained about the same. Average sales price over Jan-May 2022 was 27% higher and median sales price was up 28% compared to Jan-May 2021.

List Price vs. Sale Price and Days on Market

Properties sold in May went for 103% of the asking price after 43 days on market on average, compared to 104% and 38 DOM in April. The list-to-sell price ratio was 104% on average over Jan-May, as compared to 105% over Jan-May 2021.

Big Bear Inventory Trends

Total inventory* increased by 57% month over month, though there were just 5 more new listings in May than in April. The total number of homes on the market last month was about 30% more than it was in May of last year.  As of this writing, there are 253 single family homes for sale in Big Bear. *Total listed inventory numbers as of the 15th of each month.

Closed Transactions

There were 90 sales in May, which was 23% less than in April, and 38% less than in May of last year. The total number of sales Jan-May was 24% lower compared to sales Jan-May 2021. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.