Top Mega Teams in Bakersfield, California – Ranked by Volume

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2022 Market Summary

Bakersfield, California started 2022 with a total of 262 single-family homes on the market, with a median home price of $399,450 and an average price per square foot of $238. By the end of the year, inventory had increased to 698 homes on the market (+166%), with a median home price of $419,990 (+5%) and an average price per square foot of $229 (-3%).

At the start of 2022, the median days on market (DOM) was 21 days – by the end of the year, median DOM had increased to 70 days.

Bakersfield started the year with 17% 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 41% of Bakersfield homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Bakersfield started 2022 as a strong seller’s market, with an MAI score of 86; by the end of the year, the MAI had dropped to 35 – a slight seller’s advantage.

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

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State antitrust claims dismissed in buyer broker commission suit HW+

Sep 20, 2023By

Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. On Monday, plaintiffs in the Sitzer/Burnett suit filed an unopposed motion for dismissal of the state law claims pled in their third amended complaint. Stephen R. Bough, a U.S. District Court Judge in Kansas City, issued a […]

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