CA · Metro #63

Bakersfield - CA housing market

The Bakersfield metro has a typical home value of $366,239, down 0.4% from a year ago. Homes sell in 22 days on average, a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$366,239
-0.4% vs. year ago
Median sale price
$360,952
+3.4% YoY
Median list price
$401,667
Sale-to-list ratio
98.8%
Selling below ask
Days on market
22d
Listings w/ price cut
21.9%
New listings / mo
891
-0.1% YoY
Homes for sale
2,928
+1.8% YoY
Typical rent
$1,776/mo
+1.8% YoY
Context

How to read this data

The typical home value ($366,239) 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 0.4% over the past year. A home worth $367,710 last year is now worth roughly $366,239.

The median sale price , what homes actually close for , is $360,952. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.

Homes listed in Bakersfield - CA sit on the market for roughly 22 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 891 new listings hit the market each month in Bakersfield - CA. There are currently 2,928 homes for sale, up 1.8% from a year ago.

The typical monthly rent in Bakersfield - CA is $1,776, up 1.8% 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$968,028 +0.6% 21.0d
San Francisco - CA$1,142,320 +0.1% 15.0d
Riverside - CA$586,047 -0.6% 26.0d
San Diego - CA$940,998 -0.6% 17.0d
Sacramento - CA$584,122 -1.3% 14.0d
San Jose - CA$1,583,961 -0.9% 16.0d
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