Sales Fall in Oildale Real Estate Market

In this week's report, the number of homes sold in the Oildale market slid to one over the past 30 days, a decrease of 50.0% from last week's report, but still above the monthly average. Within the same time frame, Bakersfield had 12 sales, the most of all cities in the area. The median sales price tumbled to $239,900 over the latest reporting period for Oildale, down from $324,950. Oildale is a solid buyer's market, thanks to a big 10 months of inventory to choose from and a pullback in sales.

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Demographic facts about Oildale:

  • This area has a population growth rating of 67. (Scale: 1 = Worst, 100 = Best)
  • For every 100,000 people there are 130.2 physicians.
  • The area's health cost index score is 105.6. (100 = national average)
  • Residents who travel to work by car account for 77.2% of all commuters, while carpools account for 15.6%, and public transit makes up 1.5%.

Data reported through 10/12/2016

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