Is Bakersfield, CA 93301 a buyer’s or seller’s market?

The Bakersfield housing market right now

In the three months ending August 31, 2026, 9% of homes in Bakersfield, CA 93301 sold above their list price, the typical home went under contract in 39 days and there were 4.4 months of supply. Three to six months of supply is a fairly balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 24 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (50 days then) and the median sale price rose 4% to $399,827. Overall, Bakersfield is less competitive than a year ago, which gives buyers more room.

Within Kern County, homes here sell faster than in 53% of the county’s ZIP codes, and sell less often over asking than in 74%. On our competition score, Bakersfield ranks #848 of 1,069 CA ZIP codes with enough sales (score 45 out of 100).

Nearby, buyers who want less competition could look at Randsburg 93554 (0% sold over asking) or Keene 93531 (0% sold over asking), while Lamont 93241 (44% sold over asking) and Arvin 93203 (40% sold over asking) are even more competitive.