$2,969 Closing Credit*
$250,000
1,049 SqFt
3 Beds
•1 Full Bath
Olga Senda, Listing Office: Park Regency Realty
Is South 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, South Bakersfield has remained a Seller's Market.
Key Takeaway
South Bakersfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Bakersfield, CA
How much do homes in South Bakersfield, CA cost?
Median Sold Price
$332,500
$219/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$29,000(+9.6%)
Key Takeaway
Homes in South Bakersfield have sold for 9.6% more than they did a month ago.
Summary: The median home sold price in South Bakersfield was $332,500 in November 2024, up 9.6% from last month, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $299.9K | $225K | -25.0% |
| 3 Bedrooms | $301K | $329K | +9.3% |
| 4 Bedrooms | $384.5K | $345K | -10.3% |
| 5+ Bedrooms | $365K | $531.5K | +45.6% |
Summary: South Bakersfield housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 45.6%.
Median Sold Price Compared To Nearby Neighborhoods
| South Bakersfield | $303.5K | $332.5K | +9.6% |
| Benton Park | $314.4K | $337.5K | +7.3% |
| Stone Meadows | $440K | $390K | -11.4% |
| Southgate | $305K | $225K | -26.2% |
Housing Supply in South Bakersfield, CA
How many homes are available in South Bakersfield, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 35 | -2.8% |
Summary: The South Bakersfield real estate market had 35 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Bakersfield 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Bakersfield, 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 South Bakersfield in November 2024, up by 75.0% 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 South Bakersfield, CA
How long does it take to sell a home in South Bakersfield, CA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 56 Days | +151.6% |
Summary: Homes in South Bakersfield had an average of 56 days on market in Nov 2024, up by 151.6% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Bakersfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in South Bakersfield; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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.