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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kern County is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Kern County, CA

How much do homes in Kern County, CA cost?

Median Sold Price

$360,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,955(+1.4%)

Key Takeaway

Homes in Kern County have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Kern County was $360,000 in October 2024, up 1.4% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $190K$199.5K
+5.0%
2 $249K$260K
+4.4%
3 $335K$345K
+3.0%
4 $440K$440K
0.0%
5+ $462K$505K
+9.3%

Summary: Kern County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Counties

Los Angeles County
+6.0%
San Luis Obispo County
+5.5%
Kern County
+1.4%
Kings County
-1.4%

Housing Supply in Kern County, CA

How many homes are available in Kern County, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
740816+10.3%

Summary: The Kern County real estate market had 816 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 912
+33.3%
2 107108
+0.9%
3 348388
+11.5%
4 215231
+7.4%
5+ 6177
+26.2%

Summary: The Kern County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 26.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
130106-18.5%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kern County, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Kern County in October 2024, down by 18.5% month-over-month. Of the 106 sold homes, 54% were sold under asking, 18% were sold at asking, and 28% 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

Oct 2023Oct 2024CHANGE
35 Days43 Days+24.0%

Summary: Homes in Kern County had an average of 43 days on market in Oct 2024, up by 24% compared to last year.

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

33 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 106 homes were sold in Kern County; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% 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

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