Is Tehachapi, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Tehachapi has remained a Seller's Market.
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 April 2023
Summary: The median home sold price in Tehachapi was $425,000 in April 2024, up 8.3% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149K | - | N/A |
2 Bedrooms | $305K | $300K | -1.6% |
3 Bedrooms | $370K | $409.5K | +10.7% |
4 Bedrooms | $490K | $499K | +1.8% |
5+ Bedrooms | - | $395K | N/A |
Summary: Tehachapi housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 1.8%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 65 | +14.0% |
Summary: The Tehachapi real estate market had 65 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 35 | 37 | +5.7% |
4 Bedrooms | 15 | 17 | +13.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tehachapi housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 13 | +116.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Tehachapi in April 2024, up by 116.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
58 Days | 65 Days | +12.3% |
Summary: Homes in Tehachapi had an average of 65 days on market in Apr 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Tehachapi; 62% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.