Is Kern County, 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, Kern County has remained a Seller's Market.
Key Takeaway
Kern County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kern County, CA
How much do homes in Kern County, CA cost?
Median Sold Price
$359,606
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kern County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Kern County was $359,606 in April 2024, up 2.7% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158.9K | $200K | +25.8% |
| 2 Bedrooms | $245K | $250K | +2.0% |
| 3 Bedrooms | $330.8K | $340K | +2.8% |
| 4 Bedrooms | $423.7K | $440K | +3.8% |
| 5+ Bedrooms | $517.5K | $497.5K | -3.9% |
Summary: Kern County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.8%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Counties
| Kings County | $345K | $358.8K | +4.0% |
| Los Angeles County | $850K | $876.8K | +3.2% |
| Kern County | $350.1K | $359.6K | +2.7% |
| San Luis Obispo County | $837K | $849.7K | +1.5% |
Housing Supply in Kern County, CA
How many homes are available in Kern County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 671 | 708 | +5.5% |
Summary: The Kern County real estate market had 708 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 107 | 116 | +8.4% |
| 3 Bedrooms | 329 | 334 | +1.5% |
| 4 Bedrooms | 171 | 183 | +7.0% |
| 5+ Bedrooms | 56 | 63 | +12.5% |
Summary: The Kern County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 127 | 141 | +11.0% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kern County, you may be able to get a good deal. 39.7% of homes here sold below asking price last month.
Summary: A total of 141 homes were sold or pending in Kern County in April 2024, up by 11.0% month-over-month. Of the 141 sold homes, 40% were sold under asking, 24% were sold at asking, and 36% were sold over asking.
Days on Market for Kern County, CA
How long does it take to sell a home in Kern County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -12.9% |
Summary: Homes in Kern County had an average of 38 days on market in Apr 2024, down by 12.9% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kern County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 141 homes were sold in Kern County; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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