23 homes in near Dr. Martin Luther King, Jr. Elementary
Homes for Sale near Dr. Martin Luther King, Jr. Elementary
Bakersfield, CA
About Homes near Dr. Martin Luther King, Jr. Elementary
About Bakersfield: Dr. Martin Luther King, Jr. Elementary is located in Bakersfield. Bakersfield is a city in and the county seat of Kern County, California, United States. The city covers about 151 sq mi (390 km2) near the southern end of the San Joaquin Valley, which is located in the Central Valley region.
These are homes for sale within about 2 miles of Dr. Martin Luther King, Jr. Elementary in Bakersfield (Topfind School Score: 1/10). The area around the school has 25 active listings.
Dr. Martin Luther King, Jr. Elementary Area Market Pulse
Topfind Market Read
The picture is mixed here. Sale prices are up 8% over the last six months, though still 3% below a year ago, yet 8.3 months of supply is more than current demand absorbs, and 44% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$299K
↓ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
8.3 months of supply
Ample Supply25 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~49 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 28% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 56% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Dr. Martin Luther King, Jr. Elementary Area
Homeownership is near the state average, with a balanced mix of owners and renters.
60%
Homeowners
40%
Renters
Homeownership is 4.5 points higher than the California average (55.5%)
127,626 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $60K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$98K)
Price Reductions
11 listings have reduced their price
44% of active listings
Average reduction: 7.2% (~$22K)
Dr. Martin Luther King, Jr. Elementary Area Market Overview
Dr. Martin Luther King, Jr. Elementary is an elementary school in the Bakersfield City district. It earns a Topfind School Score of 1. Homes here sit near the school. An attendance boundary is not mapped for this campus, so check enrollment eligibility with the district. The Dr. Martin Luther King, Jr. Elementary area currently shows a median list price of $299,000. That is about 31.3% below the Bakersfield median. There are 25 homes currently listed for sale in the Dr. Martin Luther King, Jr. Elementary area. Over the last six months, the median price has eased about 12.9%, from $290,000 in February to $252,500 in July.
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Frequently Asked Questions about Homes near Dr. Martin Luther King, Jr. Elementary
How many homes are for sale in Dr. Martin Luther King, Jr. Elementary Area, CA?
There are currently 25 homes for sale in Dr. Martin Luther King, Jr. Elementary Area, ranging from $149,000 to $399,000. 1 of them hit the market within the last week.
What is the median home price in Dr. Martin Luther King, Jr. Elementary Area?
The median list price in Dr. Martin Luther King, Jr. Elementary Area is $299,000. Price per square foot averages $264. Prices are down 3.2% compared to a year ago.
How fast do homes sell in Dr. Martin Luther King, Jr. Elementary Area?
Homes in Dr. Martin Luther King, Jr. Elementary Area currently average 49 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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