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.
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
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
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
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.