Is West Kern, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, West Kern was a Seller's Market.
Housing Prices in West Kern, CA
How much do homes in West Kern, CA cost?
Median Sold Price
$329,125
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Kern was $329,125 in May 2024, down 3.2% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $231.5K | +28.6% |
2 Bedrooms | $305K | $285K | -6.6% |
3 Bedrooms | $385K | $349.5K | -9.2% |
4 Bedrooms | $485K | $432K | -10.9% |
5+ Bedrooms | $1.2M | $550K | -55.5% |
Summary: West Kern housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 55.5%.
Median Sold Price Compared To Nearby Cities
Taft | $197K | $213.2K | +8.2% |
West Kern | $340K | $329.1K | -3.2% |
Housing Supply in West Kern, CA
How many homes are available in West Kern, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
128 | 142 | +10.9% |
Summary: The West Kern real estate market had 142 homes for sale in May 2024, a 10.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 35 | 41 | +17.1% |
3 Bedrooms | 65 | 71 | +9.2% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The West Kern housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in West Kern in May 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.
Days on Market for West Kern, CA
How long does it take to sell a home in West Kern, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
99 Days | 53 Days | -46.0% |
Summary: Homes in West Kern had an average of 53 days on market in May 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in West Kern; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.