Home prices in California generally only move in one direction: up. However, the latest data from the California Association of Realtors shows that it is not a straight line.
The median price for a detached house in May was $900,170, which is about 1% lower than the median price of $908,000 in May 2024.
Condos and townhomes saw a significant drop of $15,000 (2.2%).
According to experts, the rise in mortgage rates continued to affect both California prices and overall sales, down 4% year-on-year, according to data. The home also stays on the market for an average of 21 days. This is an increase of 31.3% from the same period last year.
Data varies by region. In the Los Angeles Metro area and the Central Coast, home prices rose 1.8% and 6.2% year-on-year, respectively, but in the San Francisco Bay Area it fell 3.8%.
Median California home prices – May 2025
Region/countymay-25may-24price yty%chgsales yty%chgsingleFamily Home$900,170$908,000-0.9%-4.0%Condominium/TownHome$690,000-2.2.2%-11.7%Los Angeles Metropolitan Coast$1,125,000$1,059,0006.2%-8.4%Central Valley$510,000$507,0800.6%-5.2%Anti-North $385,000$400,000-3.8%0.5%Inland Empire California$888,000$ 880,0000.9%-7.6% California Real Estate Association
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