Is Keene, CA 93531 a buyer’s or seller’s market?
Keene is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Keene housing market right now
In the three months ending August 31, 2026, 0% of homes in Keene, CA 93531 sold above their list price, the typical home went under contract in 39 days and there were 4.8 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. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (119 days then) and the median sale price fell 3% to $507,280. Overall, Keene is more competitive than a year ago, so tougher for buyers.
Within Kern County, homes here sell faster than in 53% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Lamont 93241 (44% sold over asking) and Arvin 93203 (40% sold over asking) are even more competitive.
Run the numbers for 93531
Nearby markets
Arvin 93203Seller’s market $233 /sq ftBakersfield 93301Balanced $209 /sq ftBakersfield 93304Balanced $238 /sq ftBakersfield 93305Balanced $224 /sq ft Browse all markets →Where Keene is
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Questions about Keene real estate
Is Keene a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Keene, CA 93531 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 Keene?
The typical home went under contract in 39 days in the latest three months.
Do homes in Keene sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.0% of the list price.
What are property taxes in Keene?
About 1.15% of a home’s value a year in Kern County, or roughly $4,600 on a $400,000 home.
What is the median home price in Keene?
The median sale price was $507,280 in the three months ending August 31, 2026, about $340 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