Throughout 2022, 13,692 homes were sold in the county, with a median sale price of $333,750. This is an 11.3% increase over the $300,000 median sale price during the same period in 2021, when there were 16,767 homes sold.
The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Kern County from January 2021 to December 2022.
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