Is Bakersfield, CA 93311 a buyer’s or seller’s market?

The Bakersfield housing market right now

In the three months ending August 31, 2026, 23% of homes in Bakersfield, CA 93311 sold above their list price, the typical home went under contract in 35 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 218 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold more slowly (25 days then) and the median sale price rose 10% to $514,777. Overall, Bakersfield is less competitive than a year ago, which gives buyers more room.

Within Kern County, homes here sell faster than in 68% of the county’s ZIP codes, and sell less often over asking than in 51%. On our competition score, Bakersfield ranks #636 of 1,069 CA ZIP codes with enough sales (score 59 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.