Is California City, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, California City was a Neutral Market.
Key Takeaway
California City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in California City, CA
How much do homes in California City, CA cost?
Median Sold Price
$294,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in California City have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in California City was $294,500 in June 2024, up 6.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $165K | $219.9K | +33.3% |
| 3 Bedrooms | $269K | $286.5K | +6.5% |
| 4 Bedrooms | $318K | $339.9K | +6.9% |
| 5+ Bedrooms | $319K | $350K | +9.7% |
Summary: California City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| California City | $277.5K | $294.5K | +6.1% |
| East Kern | $310.6K | $315K | +1.4% |
Housing Supply in California City, CA
How many homes are available in California City, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 66 | 74 | +12.1% |
Summary: The California City real estate market had 74 homes for sale in June 2024, a 12.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 37 | 46 | +24.3% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The California City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 24.3%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in California City, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in California City in June 2024, down by 75.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 5 Days | 31 Days | +475.8% |
Summary: Homes in California City had an average of 31 days on market in Jun 2024, up by 475.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in California City has remained consistent over time.
Summary: During June 2024, 3 homes were sold in California City; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.