Is Bakersfield, CA 93304 a buyer’s or seller’s market?

The Bakersfield housing market right now

In the three months ending August 31, 2026, 34% of homes in Bakersfield, CA 93304 sold above their list price, the typical home went under contract in 46 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 78 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold more slowly (32 days then) and the median sale price rose 2% to $310,366. Overall, Bakersfield is about as competitive as it was a year ago.

Within Kern County, homes here sell more slowly than in 68% of the county’s ZIP codes, and sell more often over asking than in 89%. On our competition score, Bakersfield ranks #814 of 1,069 CA ZIP codes with enough sales (score 48 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.