$2,613 Closing Credit*
$220,000
720 SqFt
2 Beds
•1 Full Bath
Manuel Mestre, Listing Office: London Properties- Kingsburg
Is North Bakersfield, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, North Bakersfield has remained a Seller's Market.
Key Takeaway
North Bakersfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Bakersfield, CA
How much do homes in North Bakersfield, CA cost?
Median Sold Price
$311,315
$245/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$53,815(+20.9%)
Key Takeaway
Homes in North Bakersfield have sold for 20.9% more than they did a month ago.
Summary: The median home sold price in North Bakersfield was $311,315 in October 2024, up 20.9% from last month, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $220K | -10.2% |
| 3 Bedrooms | $279.5K | $15.3M | +5404.0% |
| 4 Bedrooms | $355K | $366.5K | +3.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Bakersfield housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 5404%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| North Country Meadows | $255K | $318K | +24.7% |
| North Bakersfield | $257.5K | $311.3K | +20.9% |
| Oildale | $242.5K | $220K | -9.3% |
Housing Supply in North Bakersfield, CA
How many homes are available in North Bakersfield, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Summary: The North Bakersfield real estate market had 27 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The North Bakersfield housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bakersfield, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in North Bakersfield in October 2024, down by 25.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for North Bakersfield, CA
How long does it take to sell a home in North Bakersfield, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 14 Days | -46.4% |
Summary: Homes in North Bakersfield had an average of 14 days on market in Oct 2024, down by 46.4% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Bakersfield are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in North Bakersfield; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.