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.
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.