$19,000
0.86 Acres
Land
DEANNA VELA, Listing Office: REAL ESTATE MASTERS GROUP
Is Tehachapi, 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, Tehachapi has remained a Buyer's Market.
Key Takeaway
Tehachapi is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tehachapi, CA
How much do homes in Tehachapi, CA cost?
Median Sold Price
$350,000
$195/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$64,000(-15.5%)
Key Takeaway
Homes in Tehachapi have sold for 15.5% less than they did a month ago.
Summary: The median home sold price in Tehachapi was $350,000 in October 2024, down 15.5% from last month, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $407K | $345K | -15.2% |
| 4 Bedrooms | $310K | $667K | +115.1% |
| 5+ Bedrooms | $1.5M | - | N/A |
Summary: Tehachapi 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 did not change, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 115.1%, and 5+ bedroom homes did not change.
Housing Supply in Tehachapi, CA
How many homes are available in Tehachapi, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 68 | +17.2% |
Summary: The Tehachapi real estate market had 68 homes for sale in October 2024, a 17.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 37 | 43 | +16.2% |
| 4 Bedrooms | 13 | 17 | +30.8% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Tehachapi 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 increased by 16.2%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 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 Tehachapi, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Tehachapi in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Tehachapi, CA
How long does it take to sell a home in Tehachapi, CA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 Days | 45 Days | -20.3% |
Summary: Homes in Tehachapi had an average of 45 days on market in Oct 2024, down by 20.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tehachapi are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Tehachapi; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.