Big Bear Real Estate Market January 2024

Big Bear Real Estate Market Stats for the month of January 2024

Market Wide Summary

The average sales price of single family homes in Big Bear in January was 15% lower than what it was in December 2023, and the median sales price was down 7%. Average sale price was about 17% lower in January compared to the average sale price over all of 2023.

List Price vs. Sale Price and Days on Market

Properties sold in January went for 97% of the asking price after 85 days on market on average, compared to 98% and 99 DOM in December. The list-to-sell price ratio was 98% on average over all of 2023.

Big Bear Inventory Trends

Total inventory* was down 20% month over month, and there were 7 more new listings in January than in December. The total number of homes on the market last month was about 21% higher than it was in January of last year. As of this writing, the active inventory is at 255.

*Total listed inventory numbers as of the 15th of each month.

Closed Transactions

There were 49 sales in January, which was 17% less than the previous month, and virtually the same as in January 2023. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.