Is Tehachapi, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Tehachapi was a Buyer's Market.
Housing Prices in Tehachapi, CA
How much do homes in Tehachapi, CA cost?
Median Sold Price
$425,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Tehachapi was $425,000 in February 2024, up 13.3% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149K | - | N/A |
2 Bedrooms | $265K | $300K | +13.2% |
3 Bedrooms | $345K | $400K | +15.9% |
4 Bedrooms | $430K | $498K | +15.8% |
5+ Bedrooms | - | $395K | N/A |
Summary: Tehachapi housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 15.8%, 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
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Summary: The Tehachapi real estate market had 41 homes for sale in February 2024, a 12.8% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 27 | 24 | -11.1% |
4 Bedrooms | 16 | 13 | -18.8% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tehachapi housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Tehachapi in February 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
49 Days | 61 Days | +25.3% |
Summary: Homes in Tehachapi had an average of 61 days on market in Feb 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 6 homes were sold in Tehachapi; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.