Top Mega Teams in Bakersfield, California – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1Team Eric MoraThe Mora PartnersBakersfield, CA$121,491,234View 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.

    Real Estate News

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    Century 21 expands in Massachusetts through acquisition 

    Dec 06, 2024By

    Anywhere brand Century 21 is growing its presence in Massachusetts. On Thursday, the Century 21 Custom Home Realty affiliate announced its acquisition of Mansfield, Massachusetts-based Monarch Realty Group.

    Housing Market News

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    Is there a housing inventory ‘silver tsunami?’ Not where it’s needed 

    Dec 07, 2024By

    Zillow data suggests that places where senior-owned inventory is reentering the market will not adequately address the U.S. housing shortage.

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    Reflecting on the Hurricane Helene relief effort with Leigh Brown 

    Dec 06, 2024By

    After Hurricane Helene hit, Brown mobilized relief for victims but never imagined it would balloon into the Patriot Relief nonprofit group.