Market Intelligence Report — CA-860

Bishop, CA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-CA-09
As of the latest 2026 data
Cooling

Median Listing

$525K
-14.5% YoY

Pending Ratio

0.42
+3.6% YoY

Active Inventory

35
+6.2% YoY

Median DOM

52 Days
-10.3% YoY

Primary Intelligence Tool — Sold Score™

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The Bishop market is currently Cooling, characterized by a pending ratio of 0.42, which signals decelerated demand absorption relative to available inventory. Median listing prices have experienced a significant year-over-year contraction of 14.5%, indicating a broad revaluation.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Bishop market right now.

Active listings have expanded by 6.2% over the past year, while new listings saw a substantial increase of 125.0% over the same period, contributing to rising inventory. Despite a modest year-over-year increase in the pending ratio, the overall absorption rate remains at a level consistent with softening market conditions. Median listing prices have declined both month-over-month and year-over-year, alongside a 6.1% year-over-year decrease in median $/sqft.

Historical Analysis

Market Trends

Median Price

$525K-10.6% MoM

Active Inventory

35+6.2% YoY

Days on Market

52-10.3% YoY

Sold Score™

61+3.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

61
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.42 and expanding active inventory, market dynamics suggest a deceleration in the pace of transactions. This environment places increased pressure on price discipline, as a notable share of listings (17.6%) have undergone price reductions. Inventory levels support a more deliberate acquisition process.

Luxury Segment

The average listing price has declined by 13.5% over the past year, outpacing the 14.5% year-over-year drop in the median listing price. This, combined with a 6.1% year-over-year decrease in median $/sqft, suggests particular softness in the higher-priced segments of the market.

Supply Dynamics

35 active listings represent the current floor, with new supply arriving at roughly 18 per month.

Pricing Pressure
17.6%

of active listings carry a price reduction, +10.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -6.1% year-over-year.

Absorption
0.42

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Bishop, CA? Homes here are taking 6 days less to sell than last year.

Bishop, CA is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
42%
Median Days on Market
52 days
Inventory YoY
+6%

Bishop, CA is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Bishop, CA
CBSA Code
13860
State
CA

ZIPs in Bishop, CA

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Bishop?+

    As of the latest 2026 data, the Bishop metro is classified as Cooling. Pending ratio is 0.42 with median days on market at 52.

  • Are home prices dropping in Bishop?+

    Median listing price is $525K, -14.5% year over year. 17.6% of active listings carry a price reduction.

  • How fast are homes selling in Bishop?+

    The typical listing sits 52 days on market, a -10.3% change YoY. New listings are arriving at 18 per month.

  • What's happening in the Bishop luxury market?+

    The average listing price has declined by 13.5% over the past year, outpacing the 14.5% year-over-year drop in the median listing price. This, combined with a 6.1% year-over-year decrease in median $/sqft, suggests particular softness in the higher-priced segments of the market.

  • Where can I find a trusted Bishop real estate expert?+

    Primpted maintains a vetted registry of Bishop agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 13860 · 36mo history