Bakersfield, CA Home Values & Market Trends
Real estate market trends reflect that there have been 6,420 transactions over the past year in Bakersfield. The median value for residential home transactions that occurred over the previous year is $367,733.8. The number of current listings in Bakersfield is 290, and the percentage of properties for sale in the city is 290.00%. Bakersfield, CA currently has 464 properties in foreclosure, 16 bank owned properties, 75 properties headed for auction, and 290 properties for sale.
Bakersfield, CA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 93306 | $ 356,750 $ 210/sqft | 93313 | $ 399,750 $ 218/sqft |
| 93308 | $ 358,000 $ 244/sqft | 93309 | $ 358,900 $ 216/sqft |
| 93311 | $ 489,000 $ 231/sqft | 93314 | $ 544,900 $ 247/sqft |
| 93307 | $ 304,870 $ 235/sqft | 93304 | $ 285,000 $ 222/sqft |
| 93312 | $ 470,500 $ 230/sqft | 93301 | $ 340,750 $ 255/sqft |
| 93305 | $ 247,500 $ 209/sqft |
Housing Market Summary for Bakersfield, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $412.5K | $353.2K | -14.37% |
| Median Sold Price | $348.8K | $353.2K | 1.27% |
| Homes For Sale | 178 | 285 | 60.11% |
| Homes Sold | 4,632 | 4,317 | -6.80% |
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 Bakersfield, CA
Browse Homes in Bakersfield, CA
Bakersfield home values range from $19,276 to $3,271,072. The median estimated value of a home in Bakersfield is $367,733.8. The median list price of a home is 394,900, and the total count of properties in the city is 151,721.
- Pre-ForeclosurePre-foreclosure homes account for 0.25% of all residential properties in Bakersfield, CA with 93313 containing 54 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 11 zips within Bakersfield, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $556,700 in 93314 to the lowest home value of $131,774 in 93309.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Bakersfield, CA ranges from the highest value of $229,500 in 93307 to the lowest value of $140,600 in 93305. Bank owned homes and properties account for 0.01% of properties in Bakersfield, CA. There are 11 zips within Bakersfield, CA; 93305 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions93304 has 11 auction properties, the highest number of properties going to auction in a single zip in the state of Bakersfield, CA. Auction homes and other auction properties account for 0.05% of all properties in Bakersfield, CA. There are 11 zips within Bakersfield, CA; of those zips, the median estimated home value for homes going to auction ranges from $335,000 in 93314 to the lowest value of $166,000 in 93314.
Compare Nearby Cities
More Real Estate Resources for Bakersfield, CA
Guide for Bakersfield, 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.
