CA · Metro #63

Bakersfield - CA housing market

The Bakersfield metro has a typical home value of $363,361, down 0.3% from a year ago. Homes sell in 24 days on average - a balanced market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$363,361
-0.3% vs. year ago
Median sale price
$356,825
+1.5% YoY
Median list price
$399,633
Sale-to-list ratio
98.5%
Selling below ask
Days on market
24d
Listings w/ price cut
21.4%
New listings / mo
826
+4.0% YoY
Homes for sale
2,727
+1.9% YoY
Typical rent
$1,786/mo
+2.5% YoY
Context

How to read this data

The typical home value ($363,361) is the Zillow Home Value Index for the Bakersfield - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 0.3% over the past year. A home worth $364,454 last year is now worth roughly $363,361.

The median sale price , what homes actually close for , is $356,825. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.

Homes listed in Bakersfield - CA sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 826 new listings hit the market each month in Bakersfield - CA. There are currently 2,727 homes for sale, up 1.9% from a year ago.

The typical monthly rent in Bakersfield - CA is $1,786, up 2.5% year over year. For investors, the price-to-rent ratio here is roughly 17x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$969,589 +-0.0% 19.0d
San Francisco - CA$1,145,541 -1.5% 14.0d
Riverside - CA$586,623 -1.1% 26.0d
San Diego - CA$943,055 -1.5% 16.0d
Sacramento - CA$581,956 -1.8% 12.0d
San Jose - CA$1,627,300 -1.6% 12.0d
Get new posts in your inbox. No spam, unsubscribe anytime.