CA · Metro #63

Bakersfield - CA housing market

The Bakersfield metro has a typical home value of $364,264, down 0.4% from a year ago. Homes sell in 21 days on average - a balanced market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$364,264
-0.4% vs. year ago
Median sale price
$356,793
+0.7% YoY
Median list price
$399,967
Sale-to-list ratio
98.7%
Selling below ask
Days on market
21d
Listings w/ price cut
21.8%
New listings / mo
892
+2.6% YoY
Homes for sale
2,852
+2.3% YoY
Typical rent
$1,788/mo
+2.5% YoY
Context

How to read this data

The typical home value ($364,264) 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 $365,727 last year is now worth roughly $364,264.

The median sale price , what homes actually close for , is $356,793. Homes are selling at 98.7% of list price, meaning buyers have room to negotiate.

Homes listed in Bakersfield - CA sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.

About 21.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 892 new listings hit the market each month in Bakersfield - CA. There are currently 2,852 homes for sale, up 2.3% from a year ago.

The typical monthly rent in Bakersfield - CA is $1,788, 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$968,608 +0.3% 19.0d
San Francisco - CA$1,149,215 -0.8% 14.0d
Riverside - CA$585,378 -0.8% 25.0d
San Diego - CA$946,365 -1.1% 16.0d
Sacramento - CA$582,707 -1.6% 12.0d
San Jose - CA$1,610,466 -1.4% 13.0d
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