Is Tehachapi, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Tehachapi have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Tehachapi was $425,000 in March 2024, up 10.2% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149K | - | N/A |
| 2 Bedrooms | $305K | $286.2K | -6.1% |
| 3 Bedrooms | $371K | $400K | +7.8% |
| 4 Bedrooms | $467.5K | $498.5K | +6.6% |
| 5+ Bedrooms | - | $395K | N/A |
Summary: Tehachapi housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes did not change.
Housing Supply in Tehachapi, CA
How many homes are available in Tehachapi, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 41 | 58 | +41.5% |
Summary: The Tehachapi real estate market had 58 homes for sale in March 2024, a 41.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 23 | 35 | +52.2% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tehachapi 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 66.7%, 3 bedroom homes increased by 52.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tehachapi, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Tehachapi in March 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 79 Days | 78 Days | -1.4% |
Summary: Homes in Tehachapi had an average of 78 days on market in Mar 2024, down by 1.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tehachapi has remained consistent over time.
Summary: During March 2024, 6 homes were sold in Tehachapi; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.