Is East Kern, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Kern is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, East Kern was a Seller's Market.

Key Takeaway

East Kern is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Kern, CA

How much do homes in East Kern, CA cost?

Median Sold Price

$325,250

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,250(+6.6%)

Key Takeaway

Homes in East Kern have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in East Kern was $325,250 in November 2024, up 6.6% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $165K$105K
-36.4%
2 $229.9K$215K
-6.5%
3 $286K$300K
+4.9%
4 $392.5K$390K
-0.6%
5+ $439K$500K
+13.9%

Summary: East Kern housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.4%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Cities

Edwards
+14.6%
East Kern
+6.6%
California City
+5.0%

Housing Supply in East Kern, CA

How many homes are available in East Kern, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153179+17.0%

Summary: The East Kern real estate market had 179 homes for sale in November 2024, a 17.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 7792
+19.5%
4 5461
+13.0%
5+ 1215
+25.0%

Summary: The East Kern housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2319-17.4%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Kern, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in East Kern in November 2024, down by 17.4% month-over-month. Of the 19 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% were sold over asking.

Days on Market for East Kern, CA

How long does it take to sell a home in East Kern, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
30 Days34 Days+11.7%

Summary: Homes in East Kern had an average of 34 days on market in Nov 2024, up by 11.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 19 homes were sold in East Kern; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% 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 21 Days Ago

Newest Listings in East Kern, CA

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