Are Home Prices in Bakersfield and Kern County Decreasing? Here’s What You Need to Know

If you’re considering buying or selling a home in Bakersfield or Kern County, you might be wondering: Are home prices decreasing in our area? The short answer is no. Over the past year, home prices in our region have continued to rise, reflecting a strong and competitive real estate market. Understanding these trends is crucial, and navigating them with an experienced Realtor by your side can make all the difference.

A Look at Bakersfield’s Market

In December 2023, the average sold price for a residential, single-family property in Bakersfield was $373,000. Fast forward to December 2024, and that figure jumped to $441,000—an impressive increase of over 18% in just one year. This growth reflects the strong demand for homes in Bakersfield, fueled by its affordability compared to other parts of California and the influx of buyers from larger metropolitan areas.

Kern County’s Rising Values

The story is much the same across Kern County as a whole. In December 2023, the average sold price of a residential, single-family property was $357,000. By December 2024, it had climbed to $417,000—a remarkable 16.8% increase. These numbers highlight the county’s growing appeal to buyers who are seeking a balance between affordability and quality of life.

What’s Driving the Market?

Several factors contribute to the rising home prices in Bakersfield and Kern County:

1. Increased Buyer Demand: More people are moving to our area, drawn by its affordability compared to other parts of California and the growing trend of remote work.

2. Limited Inventory: The number of available homes for sale remains relatively low, creating a competitive market that drives up prices.

3. Economic Growth: Bakersfield and Kern County are seeing steady economic development, which attracts both residents and investors.

Why You Need a Realtor in This Market

Navigating a market with rising prices requires expertise. As the #1 real estate team in Kern County, The McCarty Group has helped over 11,000 families achieve their real estate goals. Whether you’re looking to buy your dream home or sell your current property for top dollar, we have the knowledge and experience to guide you every step of the way.

Don’t Miss Out on Today’s Opportunities

The upward trend in home prices shows no signs of slowing, making now an excellent time to take action. If you’re a buyer, partnering with an experienced Realtor can help you secure the best property before prices climb higher. For sellers, rising prices mean there’s never been a better time to list your home.

Get Started with The McCarty Group

Ready to make your move in Bakersfield or Kern County? Let’s work together to achieve your real estate goals. Contact The McCarty Group today at 661-665-SOLD or visit us at www.themccartygroup.com. With our proven track record and commitment to your success, we’ll ensure you make the most of this dynamic market.

Note: All statistics in this article are based on December 2023 and December 2024 data for residential, single-family properties in Bakersfield and Kern County, sourced from the Golden Empire MLS.