Is West Kern, 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, 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
$326,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Kern have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in West Kern was $326,000 in March 2024, down 6.9% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $166.4K | $195K | +17.2% |
| 2 Bedrooms | $300K | $285.5K | -4.8% |
| 3 Bedrooms | $392.5K | $340K | -13.4% |
| 4 Bedrooms | $467.5K | $432K | -7.6% |
| 5+ Bedrooms | $1.2M | $557.5K | -55.4% |
Summary: West Kern housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 55.4%.
Housing Supply in West Kern, CA
How many homes are available in West Kern, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 117 | +10.4% |
Summary: The West Kern real estate market had 117 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 30 | 36 | +20.0% |
| 3 Bedrooms | 53 | 59 | +11.3% |
| 4 Bedrooms | 14 | 10 | -28.6% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The West Kern 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 20%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Kern, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in West Kern in March 2024, down by 5.9% month-over-month. Of the 16 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 89 Days | 71 Days | -19.9% |
Summary: Homes in West Kern had an average of 71 days on market in Mar 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Kern are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in West Kern; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% 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.