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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tehachapi is a neutral's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

Tehachapi is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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

+$50,000(+13.3%)

Key Takeaway

Homes in Tehachapi have sold for 13.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $149K-
N/A
2 $265K$300K
+13.2%
3 $345K$400K
+15.9%
4 $430K$498K
+15.8%
5+ -$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 2024Feb 2024CHANGE
4741-12.8%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2724
-11.1%
4 1613
-18.8%
5+ 11
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 2024Feb 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tehachapi, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
49 Days61 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tehachapi has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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