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Palmetto Estates: New Homes IN Northwest Bakersfield
Bakersfield, CA 93314
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Market Snapshot
Things to Do in Bakersfield
The welcoming city of Bakersfield, California, just north of Los Angeles along the Kern River, is known as the "Nashville of the West" thanks to its contributions to the country music scene. From the geology and paleontology displays at the Buena Vista Museum of Natural History to the state's flora and fauna brough to life at the California Living Museum, the natural history of the region is evident throughout the city. You can even experience the natural beauty and wonder of the region in the great outdoors as you hike the trails through the mountains of the Kern River Ranger District, which is part of Sequoia National Forest. Bakersfield is predominantly an argirultural community and truly an outdoor mecca, with plenty of greenspace, parks, and farmland.
Bakersfield Industries
Bakersfield's strong economy is backed by the agriculture, manufacturing, and petroleum extraction/refining indusrties. In fact, Bakersfield is one of the largest agricultural regions in the nation in one of the country's largest oil producing counties. That means a wealth of job opportunities available to Bakersfield residents.
Bakersfield Housing Market Conditions
The Bakersfield economy relies mostly on the manufacturing, agriculture, and petroleum industries. Compared to other areas throughout the state, the Bakersfield housing market continues to hold its own, with a 12-month average sales rate outpacing other markets in the state and throughout the country. Finished vacant home inventories are currently below pre-pandemic levels, though under-construction home inventories hit a 10-year high last year. Still, it seems to be cooling off, freeing up vacant developed lots.
Home prices seem to be trending downward in Bakersfield, particularly among detached single-family dwellings. While that may be good news for homebuyers, the bad news is that year-over-year job growth in Bakersfield slowed significantly in 2022, a trend that may continue through 2023. Still, there are many new homes for sale in Bakersfield.
Top Bakersfield School Districts
Strong schools make the move to Bakersfield even easier for the family. Kern High School District, Fruitvale Elementary School District, Rosedale Union Elementary School District, Norris Elementary School District, Rio Bravo-Greeley Union Elementary School District and Panama-Buena Vista Union School District are among the excellent districts devoted to student success. Your children will thrive at any of these fine schools under the care and guidance of exceptional teachers.
Use NewHomeSource to explore the entire real estate market in Bakersfield. Your new dream home is just a click away.Market Overview: New Construction Homes in Bakersfield, CA
Here is a quick overview of new housing developments in the Bakersfield area and the new construction market for new build homes in Bakersfield:
| Market Name | Bakersfield |
| State Name | California |
| Subdivisions | 51 |
| Homes Under Construction | 107 |
| Quick Move-in Homes | 125 |
| Floor Plans | 138 |
| Starting Price | $352,000 |
| Average Price | $479,666 |
| Price Per SqFt | $230 |
| New Home Builders | 14 |
| Leading Builders |
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