Is East Kern, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Kern has remained a Seller's Market.
Housing Prices in East Kern, CA
How much do homes in East Kern, CA cost?
Median Sold Price
$314,990
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Kern was $314,990 in May 2024, up 0.1% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $80K | -33.3% |
2 Bedrooms | $218.5K | $215K | -1.6% |
3 Bedrooms | $287.5K | $300K | +4.3% |
4 Bedrooms | $393K | $387.5K | -1.4% |
5+ Bedrooms | $440K | $440K | 0.0% |
Summary: East Kern housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Mojave | $230K | $243K | +5.7% |
California City | $282K | $295K | +4.6% |
East Kern | $314.6K | $314.9K | 0.1% |
Edwards | $205K | $177.5K | -13.4% |
Housing Supply in East Kern, CA
How many homes are available in East Kern, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
160 | 158 | -1.3% |
Summary: The East Kern real estate market had 158 homes for sale in May 2024, a 1.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 72 | 73 | +1.4% |
4 Bedrooms | 53 | 52 | -1.9% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The East Kern housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 33 | -17.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in East Kern in May 2024, down by 17.5% month-over-month. Of the 33 sold homes, 24% were sold under asking, 39% were sold at asking, and 36% were sold over asking.
Days on Market for East Kern, CA
How long does it take to sell a home in East Kern, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 48 Days | +13.3% |
Summary: Homes in East Kern had an average of 48 days on market in May 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in East Kern; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.