Avezta Realty International Corp.

Bakersfield Real Estate Market Report

Executive Summary

DB
Dan Braun

The Bakersfield, CA real estate market is currently classified as a balanced market. The median asking price is $399K, down 14.8% over the past 30 days.

There are currently 315 active listings, representing 5.8 months of inventory. 131 properties have sold in the past 90 days at a median sold price of $396K. Inventory has increased 47.2% compared to last month.

Currently, listings spend an average of 43 days on market and the average price per square foot is $250.

Detached properties make up the largest share of the Bakersfield market at 76% of active listings with an average price of $523K. Condo listings follow at 21% (avg $444K).

Sales Activity & Absorption

Volume

54
Sold (30d)
131
Sold (90d)
43
Avg DOM
101
New (30d)

Market Signals

104
Price Cuts (30d)
25
New (7d)
100%
Sell-Through
96.8%
List-to-Sale

54 properties sold in the past 30 days, 101 new listings appeared in the past month, 104 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
5.8months
Balanced Market
Sell-Through Rate100.0%
Inventory Change (30d)+47.2%
Site Active Listings315

At 5.8 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $399K, 20% down, 25yr amortization
$1,857/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Bakersfield market currently has 315 active listings with a median price of $399K and 5.8 months of inventory.

  • Prices declining (-14.8% in 30 days)
  • High price reduction rate (33% of listings)
  • High sell-through rate (100%)
  • Average price per square foot is $250
  • Sold properties averaged 10 days on market

For Buyers

The Bakersfield market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 25 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes. 104 listings have reduced their price in the past 30 days. The current sell-through rate is 100%.

Data sourced from San Diego MLS active and sold listings. Metrics computed from listing data updated daily. Prepared by Dan Braun with AI assistance, reviewed by our team.

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Resources

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Homes for Sale in Bakersfield315 active listingsCost of Living in BakersfieldHousing, rent & expensesSold Data in BakersfieldRecent sales & prices

Market data is calculated from active and recently sold MLS listings as of April 1, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.