HomeWhat is the median home price in California?
The median home price in California remained stable at $900,720 as of June 2024, according to the California Association of Realtors. On a year-over-year basis the medain home price increased 7.50% from the median home price of $837,850 in June 2023. On a month-over-month basis the median home price declined by 0.81% from the all-time high of $908,040 in May 2024.
California housing market key points
- Existing home sales (year-over-year): -2.70%
- Months of inventory: 3.0 months
- Median days on market (YTD): 42 days
Most expensive counties in California
San Mateo: $2,110,000
The median home price in San Mateo was $2,110,000 in June 2024 — which is a 3.5% year-over-year increase. There were a total of 305 home sales for a year-over-year decrease of 8.70% with 355 active listings in June 2024.
Santa Clara: $1,955,000
The median home price in Santa Clara was $1,955,000 which is a 7.1% year-over-year increase. Home sales for June 2024 totalled 764 which was an increase of 2.60% from the prior year. Active listings saw a 24.70% year-over-year increase to 597 in June 2024.
Marin: $1,800,000
Marin had a median home price of $1,800,000 in June 2024 which is a year-over-year increase of 5.00%. Home sales in June were 167 which is a 7.70 decrease from the prior year. Active listings saw a jump of 45.10% to 280 in June 2024 with median days on market of 69.5.
San Francisco: $1,650,000
The median home price in San Francisco was $1,650,000 — which is a 3.40% year-over-year increase. Home sales in San Francisco were down 1.50% with a total of 197 in June 2024. Active listings also saw a decrease to 230 — which is down 18.40% from the prior year.
Orange: $1,450,000
Orange had a median home price of $1,450,000 which was the fifth most expensive county by home price. This home price represents a 15.10% year-over-year increase. There were a total of 1,025 home sales which was is a 11.90% year-over-year decrease. Active listings in Orange are up 24.00% year-over-year.
California housing market breakdown by region
Southern California
The median home price in Southern California was $875,000 in June 2024 — which is a 7.40% year-over-year increase. The most expensive home prices in Southern California are foum in Orange which had a median home price of $1.45M in June 2024. There are currently 17,515 existing listings for single family homes in the Southern California region — this is the most of any region in California.
- Existing home sales (year-over-year): -11.50%
- Months of inventory: 3.1 months
- Median days on market (YTD): 39 days
- Sales price to list ratio: 100.00%
Central Coast
The median home price in the Central Coast was $1,072,000 which is a 8.90% year-over-year increase. Santa Barbra has the highest median home price of $1.36M in June 2024 within the Central Coast region.
- Existing home sales (year-over-year): -9.70%
- Months of inventory: 3.5 months
- Median days on market (YTD): 47 days
- Sales price to list ratio: 100.00%
Central Valley
Central Valley had a June 2024 median home price of $503,000 which was a 4.80% year-over-year increase.
- Existing home sales (year-over-year): -5.50%
- Months of inventory: 2.8 months
- Median days on market (YTD): 44 days
- Sales price to list ratio: 100.00%
Bay Area
The Bay Area had the highest median home price which was $1,400,000 in June 2024. This was a 5.80% increase in median home price from the prior year.
- Existing home sales (year-over-year): -1.10%
- Months of inventory: 2.0 months
- Median days on market (YTD): 42 days
- Sales price to list ratio: 102.40%
Far North
The Far North had the lowest median home price of $409,000 in June 2024 which was a 7.60% year-over-year increase from the prior year.
- Existing home sales (year-over-year): -16.30%
- Months of inventory: 5.4 months
- Median days on market (YTD): 74 days
- Sales price to list ratio: 98.20%
source: CAR