Big Bear Real Estate Market Stats for the month of March 2022
Market Wide Summary
The average sales price of single family homes in Big Bear in March was virtually unchanged compared to the previous month, though the median sales price was up 8%. Average sales price over Jan-Mar 2022 was 35% higher and median sales price was up 36% compared to the first quarter of 2021. The number of sales increased by 68% month over month.
List Price vs. Sale Price and Days on Market
Properties sold in March went for 104% of the asking price after 41 days on market on average, compared to 105% and 45 DOM in February. The list-to-sell price ratio was 104% on average over Jan-Mar, as compared to 105% over Jan-Mar 2021.
Big Bear Inventory Trends
Total inventory* was up 48% month over month, and there were 18 more new listings in March than in February. The total number of homes on the market last month was about 46% more than it was in March of last year. As of this writing, there are 119 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 over the past 5 years. We can see that home prices maintained relatively steady over 2017-2019, then jumped significantly after the first quarter of 2020 and continue to do so.
*Data derived from Big Bear Association of REALTORS®, Inc. (BBV) MLS. Information herein deemed reliable but not guaranteed.