Is East Kern, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Kern is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, East Kern has remained a Seller's Market.

Key Takeaway

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

Housing Prices in East Kern, CA

How much do homes in East Kern, CA cost?

Median Sold Price

$327,400

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,110(+5.9%)

Key Takeaway

Homes in East Kern have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in East Kern was $327,400 in September 2024, up 5.9% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $165K$105K
-36.4%
2 $228.4K$224.9K
-1.5%
3 $285K$300K
+5.3%
4 $390K$400K
+2.6%
5+ $439.5K$494K
+12.4%

Summary: East Kern housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 12.4%.

Median Sold Price Compared To Nearby Cities

Mojave
+15.6%
East Kern
+5.9%
California City
+3.9%

Housing Supply in East Kern, CA

How many homes are available in East Kern, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
154150-2.6%

Summary: The East Kern real estate market had 150 homes for sale in September 2024, a 2.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 8581
-4.7%
4 5049
-2.0%
5+ 1012
+20.0%

Summary: The East Kern housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3527-22.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Kern, you could pay more than the asking price. 40.7% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in East Kern in September 2024, down by 22.9% month-over-month. Of the 27 sold homes, 22% were sold under asking, 37% were sold at asking, and 41% 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

Sep 2023Sep 2024CHANGE
37 Days44 Days+19.6%

Summary: Homes in East Kern had an average of 44 days on market in Sep 2024, up by 19.6% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 27 homes were sold in East Kern; 52% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% 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 Sep 1, 2024

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