Is West Kern, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Kern is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in West Kern, CA

How much do homes in West Kern, CA cost?

Median Sold Price

$335,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+1.8%)

Key Takeaway

Homes in West Kern have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in West Kern was $335,000 in November 2024, up 1.8% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K$249.4K
+27.9%
2 $290K$290K
0.0%
3 $355K$342.5K
-3.5%
4 $495K$399.5K
-19.3%
5+ $550K$580K
+5.5%

Summary: West Kern housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.9%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Cities

Taft
+23.4%
West Kern
+1.8%

Housing Supply in West Kern, CA

How many homes are available in West Kern, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
173181+4.6%

Summary: The West Kern real estate market had 181 homes for sale in November 2024, a 4.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 3738
+2.7%
3 7683
+9.2%
4 4342
-2.3%
5+ 1214
+16.7%

Summary: The West Kern housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Kern, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in West Kern in November 2024, up by 5.6% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.

Days on Market for West Kern, CA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days77 Days+62.0%

Summary: Homes in West Kern had an average of 77 days on market in Nov 2024, up by 62% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in West Kern are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 19 homes were sold in West Kern; 37% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 42% 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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