Is California City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing California City is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, California City was a Seller's Market.

Key Takeaway

California City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in California City, CA

How much do homes in California City, CA cost?

Median Sold Price

$295,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+4.4%)

Key Takeaway

Homes in California City have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in California City was $295,000 in October 2024, up 4.4% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $165K$219.9K
+33.3%
3 $270K$285K
+5.6%
4 $313K$340K
+8.6%
5+ $319.5K$347.5K
+8.8%

Summary: California City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities

Mojave
+14.9%
East Kern
+6.8%
California City
+4.4%

Housing Supply in California City, CA

How many homes are available in California City, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7986+8.9%

Summary: The California City real estate market had 86 homes for sale in October 2024, a 8.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 4848
0.0%
4 2430
+25.0%
5+ 67
+16.7%

Summary: The California City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in California City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in California City in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.

Days on Market for California City, CA

How long does it take to sell a home in California City, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
46 Days48 Days+2.6%

Summary: Homes in California City had an average of 48 days on market in Oct 2024, up by 2.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in California City are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in California City; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 16 Days Ago

Newest Listings in California City, CA

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