Is Kern County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $190K | +22.6% |
| 2 Bedrooms | $240K | $250K | +4.2% |
| 3 Bedrooms | $333.6K | $339.9K | +1.9% |
| 4 Bedrooms | $425K | $440K | +3.5% |
| 5+ Bedrooms | $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 | $345K | $357.7K | +3.7% |
| Los Angeles County | $855.1K | $874K | +2.2% |
| Kern County | $352.3K | $358.6K | +1.8% |
| San Luis Obispo County | $838.2K | $849.6K | +1.4% |
Housing Supply in Kern County, CA
How many homes are available in Kern County, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 599 | 687 | +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
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 91 | 107 | +17.6% |
| 3 Bedrooms | 290 | 336 | +15.9% |
| 4 Bedrooms | 161 | 178 | +10.6% |
| 5+ Bedrooms | 49 | 58 | +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 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 | 122 | +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
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 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 59 Days | 46 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
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.
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