$4,715 Closing Credit*
$397,050
1,300 SqFt
3 Beds
•2 Baths
Buenaventura Flores, Listing Office: Valley Oak Realty
Is Kerman, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Kerman was a Seller's Market.
Key Takeaway
Kerman is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kerman, CA
How much do homes in Kerman, CA cost?
Median Sold Price
$380,000
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$20,000(-5.0%)
Key Takeaway
Homes in Kerman have sold for 5% less than they did a year ago.
Summary: The median home sold price in Kerman was $380,000 in August 2024, down 5% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $102K | N/A |
| 2 Bedrooms | $255K | $267.5K | +4.9% |
| 3 Bedrooms | $368K | $362.5K | -1.5% |
| 4 Bedrooms | $459.9K | $455K | -1.1% |
| 5+ Bedrooms | $524.9K | $475K | -9.5% |
Summary: Kerman housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in Kerman, CA
How many homes are available in Kerman, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Kerman real estate market had 21 homes for sale in August 2024, a 4.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Kerman housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kerman, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Kerman in August 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Kerman, CA
How long does it take to sell a home in Kerman, CA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 9 Days | 25 Days | +158.5% |
Summary: Homes in Kerman had an average of 25 days on market in Aug 2024, up by 158.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kerman are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Kerman; 67% of homes were sold within 30 days, 33% 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.