Tehachapi, CA Home Values & Market Trends
Real estate market trends reflect that there have been 636 transactions over the past year in Tehachapi. The median value for residential home transactions that occurred over the previous year is $411,764.5. The number of current listings in Tehachapi is 86, and the percentage of properties for sale in the city is 86.00%. Tehachapi, CA currently has 32 properties in foreclosure, 4 bank owned properties, 6 properties headed for auction, and 86 properties for sale.
Tehachapi, CA Real Estate Market Overview
Zip | Median Est. Value |
---|---|
93561 | $ 417,296 $ 239/sqft |
Housing Market Summary for Tehachapi, CA
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $459K | $388.2K | -15.42% |
Median Sold Price | $391K | $388.2K | -0.71% |
Homes For Sale | 68 | 87 | 27.94% |
Homes Sold | 479 | 456 | -4.80% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Tehachapi, CA
Browse Homes in Tehachapi, CA
Tehachapi home values range from $35,700 to $1,395,090. The median estimated value of a home in Tehachapi is $411,764.5. The median list price of a home is 410,000, and the total count of properties in the city is 11,977.
- Pre-ForeclosurePre-foreclosure homes account for 0.18% of all residential properties in Tehachapi, CA with 93561 containing 22 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Tehachapi, CA; of that zips, the estimated home value for pre-foreclosure homes ranges from $733,300 in 93561 to the lowest home value of $125,900 in 93561.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Tehachapi, CA ranges from the highest value of $480,100 in 93561 to the lowest value of $368,000 in 93561. Bank owned homes and properties account for 0.03% of properties in Tehachapi, CA. There is 1 zips within Tehachapi, CA; 93561 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions93561 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Tehachapi, CA. Auction homes and other auction properties account for 0.05% of all properties in Tehachapi, CA. There is 1 zips within Tehachapi, CA; of that zips, the median estimated home value for homes going to auction ranges from $643,500 in 93561 to the lowest value of $383,200 in 93561.
Compare Nearby Cities
More Real Estate Resources for Tehachapi, CA
Guide for Tehachapi, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.