Big Bear Real Estate Market July 2024

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

Market Wide Summary

The average sales price of single family homes in Big Bear in July was up 4% compared to the previous month, and the median sales price was up 3%. Average price per sq ft was down 3%. Average sales price over Jan-Jul 2024 was 4% lower and median sales price was down 3% compared to Jan-Jul 2023.

List Price vs. Sale Price and Days on Market

Properties sold in July went for 98% of the asking price after 88 days on market on average, compared to 97% and 100 DOM in June. The list-to-sell price ratio was 98% on average over Jan-July, same as it was over the same period last year.

Big Bear Inventory Trends

Total inventory* increased by 13% month over month, and there were 18% more new listings in July than in June. The total number of homes on the market last month was about 42% more than it was in July of last year. As of this writing, there are 461 single family homes for sale in Big Bear.*Total listed inventory numbers as of the 15th of each month.

Closed Transactions

There were 64 sales in July, which was 23% more than in June, and 11% less than in July of last year. The total number of sales Jan-July was 6% lower compared to sales Jan-July 2023. *Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.