Bakersfield, CA 93305 Real Estate Market Report

ZIP Code: 93305
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Bakersfield, CA (ZIP: 93305) is currently $281,000, reflecting a stable market environment. This price point indicates a balanced market, as the neighborhood has seen a flat price trend year-over-year. The market appears to be stabilizing after previous fluctuations, with moderate transaction volume and a neutral market temperature suggesting a steady demand for properties.

Despite the elevated interest rate pressure impacting affordability, the market has maintained a relatively balanced state with elevated inventory levels. The median days on market stands at 396 days, indicating a slower sales velocity, which may suggest that buyers are taking more time to make purchasing decisions in the current economic climate. The median market rent has increased to $1,616, which may provide some support for property values as rental demand remains steady.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $281,000 indicates a stable market environment with no significant price fluctuations recently.

2. With 396 days on market, properties are experiencing slower sales velocity, suggesting that buyers are taking longer to finalize purchases.

3. The median market rent has increased to $1,616, reflecting a steady rental demand that supports property values.

4. The market temperature is neutral, indicating balanced conditions between buyers and sellers without strong pressure in either direction.

5. Elevated interest rate pressure is impacting affordability, which may lead to decreasing buyer activity in the near term.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.