Is Kern County, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kern County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Kern County has remained a Seller's Market.

Key Takeaway

Kern County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kern County, CA

How much do homes in Kern County, CA cost?

Median Sold Price

$358,688

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$6,316(+1.8%)

Key Takeaway

Homes in Kern County have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Kern County was $358,688 in March 2024, up 1.8% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $155K$190K
+22.6%
2 $240K$250K
+4.2%
3 $333.6K$339.9K
+1.9%
4 $425K$440K
+3.5%
5+ $517.5K$500K
-3.4%

Summary: Kern County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Counties

Kings County
+3.7%
Los Angeles County
+2.2%
Kern County
+1.8%
San Luis Obispo County
+1.4%

Housing Supply in Kern County, CA

How many homes are available in Kern County, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
599687+14.7%

Summary: The Kern County real estate market had 687 homes for sale in March 2024, a 14.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 88
0.0%
2 91107
+17.6%
3 290336
+15.9%
4 161178
+10.6%
5+ 4958
+18.4%

Summary: The Kern County 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 17.6%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
114122+7.0%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kern County, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

Summary: A total of 122 homes were sold or pending in Kern County in March 2024, up by 7.0% month-over-month. Of the 122 sold homes, 35% were sold under asking, 26% were sold at asking, and 39% 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

Mar 2023Mar 2024CHANGE
59 Days46 Days-22.5%

Summary: Homes in Kern County had an average of 46 days on market in Mar 2024, down by 22.5% compared to last year.

Breakdown of Home Sale Times

65 Homes Were Sold
Under 30 Days

37 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kern County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 122 homes were sold in Kern County; 53% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% 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 18 Days Ago

Newest Listings in Kern County, CA

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