Is Kerman, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kerman has remained a Seller's Market.
Housing Prices in Kerman, CA
How much do homes in Kerman, CA cost?
Median Sold Price
$398,725
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kerman was $398,725 in April 2024, up 0.9% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $102K | N/A |
2 Bedrooms | $244K | $267.5K | +9.6% |
3 Bedrooms | $368.8K | $357.5K | -3.1% |
4 Bedrooms | $427.4K | $459.9K | +7.6% |
5+ Bedrooms | $524.9K | $529.9K | +1.0% |
Summary: Kerman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 1%.
Housing Supply in Kerman, CA
How many homes are available in Kerman, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Kerman real estate market had 23 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Kerman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Kerman in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 21 Days | -28.9% |
Summary: Homes in Kerman had an average of 21 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 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.