Is Tehachapi, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tehachapi is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tehachapi was a Seller's Market.

Key Takeaway

Tehachapi is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Tehachapi, CA

How much do homes in Tehachapi, CA cost?

Median Sold Price

$425,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.2%)

Key Takeaway

Homes in Tehachapi have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Tehachapi was $425,000 in November 2024, up 1.2% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $302.5K$320K
+5.8%
3 $400K$400K
0.0%
4 $502.5K$499K
-0.7%
5+ $395K$1.0M
+160.7%

Summary: Tehachapi housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 160.7%.

Housing Supply in Tehachapi, CA

How many homes are available in Tehachapi, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6663-4.5%

Summary: The Tehachapi real estate market had 63 homes for sale in November 2024, a 4.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 45
+25.0%
3 4037
-7.5%
4 1818
0.0%
5+ 33
0.0%

Summary: The Tehachapi housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tehachapi, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Tehachapi in November 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 38% were sold at asking, and 0% were sold over asking.

Days on Market for Tehachapi, CA

How long does it take to sell a home in Tehachapi, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days36 Days-11.2%

Summary: Homes in Tehachapi had an average of 36 days on market in Nov 2024, down by 11.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Tehachapi; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 2 Days Ago

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