Is Tehachapi, 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, Tehachapi has remained a Seller's Market.
Housing Prices in Tehachapi, CA
How much do homes in Tehachapi, CA cost?
Median Sold Price
$420,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tehachapi was $420,000 in May 2024, up 4.2% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149K | - | N/A |
2 Bedrooms | $305K | $305K | 0.0% |
3 Bedrooms | $372.5K | $400K | +7.4% |
4 Bedrooms | $490K | $498K | +1.6% |
5+ Bedrooms | - | $395K | N/A |
Summary: Tehachapi 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 did not change, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in Tehachapi, CA
How many homes are available in Tehachapi, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 65 | 0.0% |
Summary: The Tehachapi real estate market had 65 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 | 6 | 7 | +16.7% |
3 Bedrooms | 42 | 41 | -2.4% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tehachapi 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 increased by 16.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Tehachapi in May 2024, the same as the previous month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Tehachapi, CA
How long does it take to sell a home in Tehachapi, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 76 Days | +37.8% |
Summary: Homes in Tehachapi had an average of 76 days on market in May 2024, up by 37.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Tehachapi; 50% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.