Is Kern County, 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, Kern County was a Seller's Market.
Key Takeaway
Kern County 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 Kern County, CA
How much do homes in Kern County, CA cost?
Median Sold Price
$360,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Kern County have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Kern County was $360,000 in June 2024, up 2.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155.9K | $203K | +30.2% |
| 2 Bedrooms | $245K | $250K | +2.0% |
| 3 Bedrooms | $330K | $345K | +4.5% |
| 4 Bedrooms | $425K | $440K | +3.5% |
| 5+ Bedrooms | $482.5K | $495K | +2.6% |
Summary: Kern County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.2%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
| Los Angeles County | $841.5K | $890.4K | +5.8% |
| Kern County | $350K | $360K | +2.9% |
| San Luis Obispo County | $827.8K | $850K | +2.7% |
| Kings County | $349.9K | $358.9K | +2.6% |
Housing Supply in Kern County, CA
How many homes are available in Kern County, CA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 726 | 754 | +3.9% |
Summary: The Kern County real estate market had 754 homes for sale in June 2024, a 3.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 8 | -11.1% |
| 2 Bedrooms | 119 | 131 | +10.1% |
| 3 Bedrooms | 341 | 344 | +0.9% |
| 4 Bedrooms | 188 | 197 | +4.8% |
| 5+ Bedrooms | 69 | 74 | +7.2% |
Summary: The Kern County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 7.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 162 | 124 | -23.5% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kern County, you may be able to get a good deal. 41.9% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Kern County in June 2024, down by 23.5% month-over-month. Of the 124 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Kern County, CA
How long does it take to sell a home in Kern County, CA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 33 Days | 49 Days | +50.1% |
Summary: Homes in Kern County had an average of 49 days on market in Jun 2024, up by 50.1% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kern County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 124 homes were sold in Kern County; 56% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.
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