Top Real Estate Agents in Bakersfield, California

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    • Rank – City SidesFull NameCompanyLocationSidesProfile
    1Brian HicksBrian Hicks Real Estate GroupBakersfield, CA 138.0View Profile
    2Alex DarediaCENTURY 21 Jordan Link & CompanyBakersfield, CA 48.6View Profile
    3Greg HollandColdwell Banker Preferred, RealtorsBakersfield, CA 40.0View Profile

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    2023 Bakersfield, California Housing Market Summary

    Bakersfield, California started 2023 with a total of 647 single-family homes on the market, with a median home price of $424,900 and an average price per square foot of $229. By the end of the year, inventory had decreased to 526 homes on the market (-18%), with a median home price of $425,450 (+0%) and an average price per square foot of $251 (+9%).

    At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 56 days.

    Bakersfield started the year with 39% 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 42% of Bakersfield homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Bakersfield started 2023 as a strong seller’s market, with an MAI score of 50; by the end of the year, the MAI had dropped to 43 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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