Is Bishop, CA 93514 a buyer’s or seller’s market?
Bishop is a seller’s market. With about 2 months of supply and 23% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 51% of U.S. ZIP codes, and #785 of 1069 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Bishop housing market right now
In the three months ending August 31, 2026, 23% of homes in Bishop, CA 93514 sold above their list price, the typical home went under contract in 44 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 23 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 20%, homes sold faster (49 days then) and the median sale price rose 15% to $734,682. Overall, Bishop is more competitive than a year ago, so tougher for buyers.
Within Mono County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Bishop ranks #785 of 1,069 CA ZIP codes with enough sales (score 50 out of 100).
Nearby, buyers who want less competition could look at Lee Vining 93541 (0% sold over asking) or June Lake 93529 (0% sold over asking), while Bridgeport 93517 (25% sold over asking) is even more competitive.
Run the numbers for 93514
Nearby markets
Benton 93512 — /sq ftBridgeport 93517Buyer’s market $377 /sq ftColeville 96107 — /sq ftJune Lake 93529Balanced $560 /sq ft Browse all markets →Towns like Bishop nearby
Find towns like Bishop in other states →Where Bishop is
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Questions about Bishop real estate
Is Bishop a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in Bishop, CA 93514 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Bishop?
The typical home went under contract in 44 days in the latest three months.
Do homes in Bishop sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 97.5% of the list price.
What are property taxes in Bishop?
About 1.15% of a home’s value a year in Mono County, or roughly $4,600 on a $400,000 home.
What is the median home price in Bishop?
The median sale price was $734,682 in the three months ending August 31, 2026, about $349 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology