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 October 2021

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.

How much do homes in Kern County, CA cost?

Median Sold Price

$358,333

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$41,000(+12.9%)

Key Takeaway

Homes in Kern County have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $184.9K$150K
-18.9%
2 $232K$240K
+3.4%
3 $296.7K$333K
+12.2%
4 $385K$420K
+9.1%
5+ $449K$581K
+29.4%

Median Sold Price Compared To Nearby Counties

Kern County
+12.9%
Santa Barbara County
+11.4%
Ventura County
+10.5%
Los Angeles County
+8.8%

How many homes are available in Kern County, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
597623+4.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1213
+8.3%
2 8691
+5.8%
3 294294
0.0%
4 162179
+10.5%
5+ 4346
+7.0%

Number of Homes Sold

Sep 2022Oct 2022%
97104+7.2%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kern County, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
24 Days42 Days+73.2%

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

15 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Kern County, CA

Kern County, CA has 623 homes for sale to choose from. The number of homes for sale in Kern County, CA increased by 4.4% between September 2022 and October 2022. The median list price of listings available in October 2022 was $358,333, while the average time on the real estate market was 42 days. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties decreased by 18.9%, prices of 2 bedrooms properties increased by 3.4%, the cost of 3 bedrooms properties went up by 12.2%, the cost of 4 bedrooms properties went up by 9.1%, the cost of 5 bedrooms properties went up by 29.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 8.3%, 2 bedrooms homes became 5.8% more available, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes increased by 10.5%, volume of 5 bedrooms homes went up by 7%. While more than 28 listings in Kern County, CA in October 2022 were sold above asking price, there were more than 31 listings sold at asking price, and more than 45 were sold below.

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