Is Greenfield-Panama, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Greenfield-Panama has remained a Seller's Market.
Housing Prices in Greenfield-Panama, CA
How much do homes in Greenfield-Panama, CA cost?
Median Sold Price
$454,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenfield-Panama was $454,000 in May 2024, up 8.1% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $261K | $586.5K | +124.7% |
3 Bedrooms | $390K | $399.5K | +2.4% |
4 Bedrooms | $445K | $481K | +8.1% |
5+ Bedrooms | $634.9K | $505K | -20.5% |
Summary: Greenfield-Panama housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 124.7%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
Greenfield-Panama | $420K | $454K | +8.1% |
Bakersfield | $372.3K | $378.1K | +1.6% |
West Kern | $340K | $329.1K | -3.2% |
Housing Supply in Greenfield-Panama, CA
How many homes are available in Greenfield-Panama, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Summary: The Greenfield-Panama real estate market had 38 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 16 | 13 | -18.8% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Greenfield-Panama housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Greenfield-Panama in May 2024, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Greenfield-Panama, CA
How long does it take to sell a home in Greenfield-Panama, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 32 Days | +29.5% |
Summary: Homes in Greenfield-Panama had an average of 32 days on market in May 2024, up by 29.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Greenfield-Panama; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.