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 October 2021

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.

How much do homes in East Kern, CA cost?

Median Sold Price

$324,166

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$29,166(+9.9%)

Key Takeaway

Homes in East Kern have sold for 9.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $54.4K$97.5K
+79.1%
2 $175K$177.5K
+1.4%
3 $257.2K$291.7K
+13.4%
4 $355K$393K
+10.7%
5+ $417.5K$448.5K
+7.4%

Median Sold Price Compared To Nearby Cities

California City
+23.3%
East Kern
+9.9%

How many homes are available in East Kern, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
144149+3.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 21
-50.0%
2 1110
-9.1%
3 7882
+5.1%
4 4543
-4.4%
5+ 813
+62.5%

Number of Homes Sold

Sep 2022Oct 2022%
2625-3.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Kern, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
17 Days36 Days+111.5%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 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.

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

About East Kern, CA

East Kern, CA has 149 homes for sale to choose from. The number of homes for sale in East Kern, CA increased by 3.5% between September 2022 and October 2022. The median list price of listings available in October 2022 was $324,166, while the average time on the real estate market was 36 days. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 79.1%, 2 bedrooms properties became 1.4% more expensive, the cost of 3 bedrooms properties went up by 13.4%, the cost of 4 bedrooms properties went up by 10.7%, prices of 5 bedrooms properties went up by 7.4%. Housing inventory have changed in this real estate market: 1 bedroom homes became 50% less available, 2 bedrooms homes became 9.1% less available, volume of 3 bedrooms homes went up by 5.1%, number of 4 bedrooms homes decreased by 4.4%, 5 bedrooms homes became 62.5% more available. East Kern, CA housing market in October 2022 saw over 7 listings sold above listed price, more than 12 sold at listed price and over 6 sold below.

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