The Olive Drive Area housing market is somewhat competitive. The median sale price of a home in Olive Drive Area was $406K last month, up 2.5% since last year. The median sale price per square foot in Olive Drive Area is $239, up 15.1% since last year.
What is the housing market like in Olive Drive Area today?
In March 2024, Olive Drive Area home prices were up 2.5% compared to last year, selling for a median price of $406K. On average, homes in Olive Drive Area sell after 34 days on the market compared to 32 days last year. There were 17 homes sold in March this year, down from 26 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$406,000
+2.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Olive Drive Area, CA
$406,000
+2.5%
United States
To compare other locations to the Olive Drive Area and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Bakersfield add value to a home.
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How hot is the Olive Drive Area housing market?
Olive Drive Area is somewhat competitive. Homes sell in 32 days.
0
100
64
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 2% below list price and go pending in around 32 days.
Hot homes
can sell for around list price and go pending in around 8 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Olive Drive Area housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Olive Drive Area.
Risk Factor
Flood Factor - Minimal
We’re working on getting current and accurate flood risk information
Flood Factor
Overall, Olive Drive Area has a minimal risk of flooding impacting the community over the next 30 years.
81% of properties are at risk of wildfire over the next 30 years
Fire Factor
Olive Drive Area has a moderate risk of wildfire. There are 2,000 properties in Olive Drive Area that have some risk of being affected by wildfire over the next 30 years. This represents 81% of all properties in Olive Drive Area.
Olive Drive Area has minimal risk of severe winds over the next 30 years
Wind Factor
Olive Drive Area has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Olive Drive Area has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Olive Drive Area have a Severe Heat Factor®.
Olive Drive Area is expected to see a 157% increase in the number of days over 104ºF over the next 30 years. Olive Drive Area is expected to experience 8