The Olive Drive Area housing market is very competitive. The median sale price of a home in Olive Drive Area was $435K last month, up 4.6% since last year. The median sale price per square foot in Olive Drive Area is $245, up 8.1% since last year.
What is the housing market like in Olive Drive Area today?
In May 2025, Olive Drive Area home prices were up 4.6% compared to last year, selling for a median price of $435K. On average, homes in Olive Drive Area sell after 23 days on the market compared to 24 days last year. There were 20 homes sold in May this year, down from 25 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$435,000
+4.6% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Olive Drive Area, CA
$435,000
+4.6%
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 very competitive. Homes sell in 25 days.
0
100
74
Very 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
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 25 days.
Hot homes
can sell for around list price and go pending in around 10 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.
Flood Factor - Minor
1% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Olive Drive Area has a minor risk of flooding. properties in Olive Drive Area are likely to be
severely affected
by flooding over the next 30 years. This represents 1% of all properties in Olive Drive Area. Flood risk is increasing slower than the national average.
98% of properties are at risk of wildfire over the next 30 years
Fire Factor
Olive Drive Area has a major risk of wildfire. There are 2,436 properties in Olive Drive Area that have some risk of being affected by wildfire over the next 30 years. This represents 98% 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