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U.S. home prices have set monthly record highs for over two years straight, many homebuyers and keeping more home sellers on the sidelines. Prices skyrocketed during the pandemic and have remained elevated since, persistent inflation and a chronic inventory shortage.

But the market is starting to shift. Prices are growing more slowly as demand cools and more sellers offer , helping and setting the stage for a longer-term housing market "" back to normalcy.

So, what's happening with home prices in ? Are they dropping or rising? took a look at local median sale prices over the past month, year, and six years to find out. All data represents the monthly average for February 2026.

Are house prices dropping in Bakersfield, CA?

• Median sale price: $380,000
• Year-over-year change: -1.7%
• Month-over-month change: +0.0%
• February 2019 median sale price: $230,000
• Percent change from 2019: +65.2%

Are house prices dropping nationwide?

• Median sale price: $429,650
• Year-over-year change: +1.1%
• Month-over-month change: +1.5%
• February 2019 median sale price: $274,029
• Percent change from 2019: +56.8%