Bakersfield, California started 2024 with a total of 507 single-family homes on the market, with a median home price of $425,950 and an average price per square foot of $253.42. By the end of the year, inventory had increased to 864 homes on the market (+70%), with a median home price of $429,000 (+1%), and an average price per square foot of $254 (+0%).
At the start of 2024, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 56 days.
Bakersfield, California started the year with 37.08% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 37.50% of homes for sale had taken a price cut.
