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 March 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

$305,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,000(-4.7%)

Key Takeaway

Homes in East Kern have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in East Kern was $305,000 in March 2024, down 4.7% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $75K$165K
+120.0%
2 $204K$229.9K
+12.7%
3 $293K$290K
-1.0%
4 $387.5K$395K
+1.9%
5+ $440K$453.5K
+3.1%

Summary: East Kern housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

California City
+2.7%
East Kern
-4.7%

Housing Supply in East Kern, CA

How many homes are available in East Kern, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
152166+9.2%

Summary: The East Kern real estate market had 166 homes for sale in March 2024, a 9.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1618
+12.5%
3 7576
+1.3%
4 5057
+14.0%
5+ 1014
+40.0%

Summary: The East Kern 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 increased by 12.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2334+47.8%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

14 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. 41.2% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in East Kern in March 2024, up by 47.8% month-over-month. Of the 34 sold homes, 24% were sold under asking, 35% 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

Mar 2023Mar 2024CHANGE
59 Days48 Days-18.9%

Summary: Homes in East Kern had an average of 48 days on market in Mar 2024, down by 18.9% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

6 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 March 2024, 34 homes were sold in East Kern; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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 24 Days Ago

Newest Listings in East Kern, CA

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