Big Bear Real Estate Market Stats for the month of April 2024
Market Wide Summary
The average sales price of single family homes in Big Bear in April was up 3% compared to the previous month, though the median sales price was down 13%. Average sales price over Jan-Apr 2024 was 5% lower and median sales price was up 6% compared to Jan-Apr 2023.
List Price vs. Sale Price and Days on Market
Properties sold in April went for 97% of the asking price after 127 days on market on average, compared to 98% and 108 DOM in March. The list-to-sell price ratio was 97% on average over Jan-Apr of this year, as compared to 98% over Jan-Apr 2023.
Big Bear Inventory Trends
Total inventory* increased by 13% month over month, and there were 21 more new listings in April than in March. The total number of homes on the market last month was about 43% higher than it was in April of last year. As of this writing, there are 314 single family homes for sale in Big Bear.
*Total listed inventory numbers as of the 15th of each month.
Closed Transactions
There were 69 sales in April, which was 13% more than in March, and 38% more than in April of last year. The total number of sales Jan-Apr was 5% higher compared to sales Jan-Apr 2023.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.
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