Is California City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing California City is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, California City has remained a Seller's Market.

Key Takeaway

California City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in California City, CA

How much do homes in California City, CA cost?

Median Sold Price

$290,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,750(+2.7%)

Key Takeaway

Homes in California City have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in California City was $290,000 in March 2024, up 2.7% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $65K-
N/A
2 $200K$190K
-5.0%
3 $269K$283.5K
+5.4%
4 $325K$344.5K
+6.0%
5+ $319K$319K
0.0%

Summary: California City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

California City
+2.7%
East Kern
-4.7%

Housing Supply in California City, CA

How many homes are available in California City, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
6067+11.7%

Summary: The California City real estate market had 67 homes for sale in March 2024, a 11.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 3535
0.0%
4 1924
+26.3%
5+ 46
+50.0%

Summary: The California City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in California City, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in California City in March 2024, up by 85.7% month-over-month. Of the 13 sold homes, 23% were sold under asking, 15% were sold at asking, and 62% were sold over asking.

Days on Market for California City, CA

How long does it take to sell a home in California City, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
73 Days62 Days-15.2%

Summary: Homes in California City had an average of 62 days on market in Mar 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in California City are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 13 homes were sold in California City; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in California City, CA

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