Is Taft, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Taft has remained a Seller's Market.
Housing Prices in Taft, CA
How much do homes in Taft, CA cost?
Median Sold Price
$213,250
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Taft was $213,250 in May 2024, up 8.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $190K | N/A |
2 Bedrooms | $170K | $160K | -5.9% |
3 Bedrooms | $178.5K | $227K | +27.2% |
4 Bedrooms | $272.4K | $299.9K | +10.1% |
5+ Bedrooms | - | - | N/A |
Summary: Taft housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 27.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Taft | $197K | $213.2K | +8.2% |
West Kern | $340K | $329.1K | -3.2% |
Maricopa | $402.5K | $240K | -40.4% |
Housing Supply in Taft, CA
How many homes are available in Taft, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The Taft real estate market had 11 homes for sale in May 2024, a 21.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 2 | -60.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Taft housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Taft in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Taft, CA
How long does it take to sell a home in Taft, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 26 Days | +788.9% |
Summary: Homes in Taft had an average of 26 days on market in May 2024, up by 788.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Taft; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.