Is East Kern, 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, East Kern was a Seller's Market.
Housing Prices in East Kern, CA
How much do homes in East Kern, CA cost?
Median Sold Price
$315,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in East Kern was $315,000 in June 2024, up 1.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $80K | -33.3% |
2 Bedrooms | $209K | $212K | +1.4% |
3 Bedrooms | $285K | $300K | +5.3% |
4 Bedrooms | $399.9K | $385K | -3.7% |
5+ Bedrooms | $440K | $440K | 0.0% |
Summary: East Kern housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
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 East Kern, CA
How many homes are available in East Kern, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
151 | 161 | +6.6% |
Summary: The East Kern real estate market had 161 homes for sale in June 2024, a 6.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 73 | 81 | +11.0% |
4 Bedrooms | 50 | 51 | +2.0% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The East Kern 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 21.4%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 19 | -42.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in East Kern in June 2024, down by 42.4% month-over-month. Of the 19 sold homes, 16% were sold under asking, 37% were sold at asking, and 47% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 24 Days | -0.9% |
Summary: Homes in East Kern had an average of 24 days on market in Jun 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in East Kern; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.