Spring Homebuying Season Kicks Off With Encouraging Start California Median Home Price Sets New All-Time High, C.A.R. Reports


(MENAFN- PR Newswire)
  • Existing, single-family home sales totaled 275,540 in April on a seasonally adjusted annualized rate, up 3.0 percent from 267,470 in March and up 4.4 percent from 263,960 in April 2023.
  • April's statewide median home price was $904,210, up 5.8 percent from March and up 11.4 percent from $811,510 in April 2023.
  • Year-to-date statewide home sales were up 1.6 percent.

LOS ANGELES, May 17, 2024 /PRNewswire/ -- California's housing market rebounded in April as sales rose on both a monthly and yearly basis, while the statewide median home price exceeded $900,000 for the first time ever, setting a new record-high, the CALIFORNIA ASSOCIATION OF REALTORS ®
(C.A.R.) said today.

Infographic:

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April 2024

Median Sold Price of Existing Single-Family Homes

Sales

State/Region/County

April

2024

March

2024


April

2023


Price
MTM%
Chg

Price
YTY%
Chg

Sales
MTM%
Chg

Sales
YTY%
Chg

Calif. Single-family
home

$904,210

$854,490


$811,510

r

5.8
%

11.4
%

3.0
%

4.4
%

Calif.
Condo/Townhome

$688,000

$675,000


$634,000


1.9
%

8.5
%

11.3
%

15.6
%

Los Angeles Metro Area

$840,000

$801,000


$740,000


4.9
%

13.5
%

9.5
%

9.0
%

Central Coast

$1,077,500

$950,000


$1,020,000


13.4
%

5.6
%

4.0
%

26.7
%

Central Valley

$493,500

$478,600


$463,000


3.1
%

6.6
%

8.8
%

11.3
%

Far North

$364,900

$374,950


$385,000


-2.7
%

-5.2
%

6.5
%

9.4
%

Inland Empire

$607,000

$594,250


$565,000


2.1
%

7.4
%

1.2
%

1.5
%

San Francisco Bay Area

$1,444,000

$1,386,500


$1,250,000


4.1
%

15.5
%

25.5
%

23.1
%

Southern California

$880,000

$850,000


$785,000


3.5
%

12.1
%

8.8
%

8.7
%











San Francisco Bay Area










Alameda

$1,401,250

$1,400,000


$1,225,000


0.1
%

14.4
%

19.2
%

20.3
%

Contra Costa

$940,000

$890,000


$900,000


5.6
%

4.4
%

41.2
%

19.4
%

Marin

$1,700,000

$1,957,500


$1,790,000


-13.2
%

-5.0
%

49.0
%

2.1
%

Napa

$950,000

$880,000


$815,000


8.0
%

16.6
%

42.4
%

37.7
%

San Francisco

$1,800,000

$1,745,000


$1,587,500


3.2
%

13.4
%

31.7
%

27.9
%

San Mateo

$2,150,000

$2,170,000


$1,970,000


-0.9
%

9.1
%

28.1
%

51.8
%

Santa Clara

$2,000,000

$1,910,000


$1,800,000


4.7
%

11.1
%

24.8
%

40.8
%

Solano

$590,000

$584,950


$580,000


0.9
%

1.7
%

3.3
%

-6.0
%

Sonoma

$850,000

$865,000


$840,000


-1.7
%

1.2
%

14.3
%

17.5
%

Southern California










Imperial

$377,500

$349,000


$338,000


8.2
%

11.7
%

-26.8
%

-19.6
%

Los Angeles

$825,970

$805,100


$738,520


2.6
%

11.8
%

11.7
%

9.0
%

Orange

$1,440,000

$1,400,000


$1,225,000


2.9
%

17.6
%

16.6
%

24.7
%

Riverside

$650,000

$640,000


$615,000


1.6
%

5.7
%

2.1
%

-0.4
%

San Bernardino

$516,080

$499,900


$450,000


3.2
%

14.7
%

-0.5
%

5.3
%

San Diego

$1,047,500

$1,020,000


$930,000


2.7
%

12.6
%

7.5
%

8.8
%

Ventura

$940,000

$918,040


$885,500


2.4
%

6.2
%

29.6
%

10.7
%

Central Coast










Monterey

$986,500

$932,500


$952,500


5.8
%

3.6
%

-8.2
%

8.1
%

San Luis Obispo

$894,500

$850,000


$925,000


5.2
%

-3.3
%

3.3
%

30.1
%

Santa Barbara

$1,400,000

$1,015,000


$1,080,500


37.9
%

29.6
%

-2.4
%

20.1
%

Santa Cruz

$1,420,000

$1,300,000


$1,349,500


9.2
%

5.2
%

37.5
%

63.5
%

Central Valley










Fresno

$421,940

$413,000


$413,000


2.2
%

2.2
%

-3.5
%

-2.1
%

Glenn

$362,000

$340,000


$349,000


6.5
%

3.7
%

-9.1
%

-9.1
%

Kern

$377,000

$382,180


$375,000


-1.4
%

0.5
%

10.4
%

14.5
%

Kings

$379,000

$345,000


$361,000


9.9
%

5.0
%

9.0
%

-5.2
%

Madera

$457,500

$435,000


$420,000


5.2
%

8.9
%

7.0
%

23.2
%

Merced

$399,000

$392,000


$365,120


1.8
%

9.3
%

5.9
%

25.0
%

Placer

$671,740

$659,000


$650,000


1.9
%

3.3
%

21.8
%

26.8
%

Sacramento

$548,580

$550,000


$515,000


-0.3
%

6.5
%

11.7
%

9.0
%

San Benito

$807,500

$768,000


$768,000


5.1
%

5.1
%

-3.0
%

18.5
%

San Joaquin

$540,000

$550,000


$520,000


-1.8
%

3.8
%

13.3
%

21.5
%

Stanislaus

$485,000

$460,000


$451,000


5.4
%

7.5
%

12.3
%

6.2
%

Tulare

$379,990

$374,990


$357,000


1.3
%

6.4
%

-5.2
%

4.8
%

Far North










Butte

$450,000

$434,000


$469,000


3.7
%

-4.1
%

6.9
%

10.7
%

Lassen

$205,000

$247,000


$252,950


-17.0
%

-19.0
%

60.0
%

-20.0
%

Plumas

$320,000

$407,500


$319,250


-21.5
%

0.2
%

25.0
%

25.0
%

Shasta

$360,000

$364,000


$390,000


-1.1
%

-7.7
%

0.0
%

17.9
%

Siskiyou

$281,500

$350,000


$289,000


-19.6
%

-2.6
%

64.7
%

-9.7
%

Tehama

$309,750

$286,250


$315,000


8.2
%

-1.7
%

0.0
%

-4.8
%

Trinity

$212,000

$360,000


$307,500


-41.1
%

-31.1
%

-50.0
%

-16.7
%

Other Calif. Counties










Amador

$426,500

$482,500


$475,000


-11.6
%

-10.2
%

41.2
%

45.5
%

Calaveras

$493,000

$454,500


$495,000


8.5
%

-0.4
%

25.0
%

46.3
%

Del Norte

$445,000

$381,250


$315,000


16.7
%

41.3
%

-33.3
%

-7.7
%

El Dorado

$757,000

$677,000


$717,220


11.8
%

5.5
%

27.7
%

27.0
%

Humboldt

$400,000

$429,970


$439,000


-7.0
%

-8.9
%

23.5
%

18.3
%

Lake

$340,000

$315,000


$317,000

r

7.9
%

7.3
%

0.0
%

15.7
%

Mariposa

$549,500

$415,000


$425,000


32.4
%

29.3
%

-12.0
%

340.0
%

Mendocino

$583,500

$375,000


$485,000


55.6
%

20.3
%

7.0
%

84.0
%

Mono

$1,077,380

$1,250,000


$1,177,750


-13.8
%

-8.5
%

-72.7
%

-25.0
%

Nevada

$599,000

$525,000


$550,000


14.1
%

8.9
%

13.7
%

23.9
%

Sutter

$428,500

$403,200


$405,000


6.3
%

5.8
%

-8.1
%

-26.1
%

Tuolumne

$452,000

$400,000


$419,050


13.0
%

7.9
%

22.2
%

-5.2
%

Yolo

$615,000

$635,830


$605,000


-3.3
%

1.7
%

0.0
%

11.2
%

Yuba

$427,950

$452,570


$447,450


-5.4
%

-4.4
%

58.6
%

39.4
%

r = revised
NA = not available

April 2024 County Unsold Inventory and Days on Market
(Regional and condo sales data not seasonally adjusted)

April 2024

Unsold Inventory Index

Median Time on Market

State/Region/County

April

2024

March

2024


April

2023


April

2024

March

2024


April

2023


Calif Single-family home

2.6

2.6


2.5


16.0

19.0


20.0


Calif. Condo/Townhome

2.5

2.6


2.2


19.0

18.0


19.0


Los Angeles Metro Area

2.7

2.7


2.6


21.0

23.0


25.0


Central Coast

3.0

2.9


3.1


13.0

16.0


17.0


Central Valley

2.6

2.6


2.4


16.0

19.0


19.0


Far North

4.7

4.3


4.3

r

26.0

33.5


30.0


Inland Empire

3.3

3.1


2.8


28.0

32.0


32.0


San Francisco Bay Area

1.9

2.0


1.9


12.0

13.0


14.0


Southern California

2.6

2.6


2.5


19.0

20.0


22.0













San Francisco Bay Area











Alameda

1.4

1.3


1.3


10.0

11.0


11.0


Contra Costa

1.5

1.7


1.4


10.0

10.0


10.0


Marin

2.8

3.2


2.1


41.0

42.0


37.0


Napa

3.9

5.0


4.4


49.5

61.0


43.0


San Francisco

1.8

2.1


2.4


26.5

29.0


31.0


San Mateo

1.8

2.2


2.6


8.0

9.0


11.0


Santa Clara

1.5

1.6


1.9


7.0

8.0


8.0


Solano

2.7

2.5


1.9


39.0

37.0


34.0


Sonoma

3.1

2.8


2.7


45.0

51.5


52.0


Southern California











Imperial

2.8

1.7


NA


13.0

13.0


21.0


Los Angeles

2.6

2.6


2.6


17.5

20.0


22.0


Orange

2.1

2.2


2.3


18.0

18.0


19.0


Riverside

3.1

3.0


2.7


28.0

31.0


32.0


San Bernardino

3.7

3.4


3.2


27.0

36.0


30.0


San Diego

2.2

2.2


1.9


12.0

12.0


12.0


Ventura

2.5

2.9


2.2


27.0

28.5


28.0


Central Coast











Monterey

3.6

2.8


3.0


10.0

14.0


18.0


San Luis Obispo

2.9

2.8


3.2


18.5

22.0


22.0


Santa Barbara

3.0

2.7


2.5


10.0

13.0


15.0


Santa Cruz

2.7

3.3


3.9


11.0

15.5


15.0


Central Valley











Fresno

3.2

2.8


2.6


18.0

19.0


19.0


Glenn

4.1

3.4


3.5


15.0

12.0


32.0


Kern

2.4

2.6


2.4


19.0

19.0


15.0


Kings

2.5

2.7


2.1


19.0

11.0


14.0


Madera

3.8

4.0


4.2


31.0

33.0


35.0


Merced

2.6

2.2


2.7


20.0

16.0


15.5


Placer

2.5

2.7


2.6


20.0

24.0


24.0


Sacramento

2.1

2.2


1.8


13.0

15.0

r

18.0


San Benito

4.1

3.6


3.7


24.0

34.0


26.0


San Joaquin

2.3

2.4


2.5


16.0

18.0


25.0


Stanislaus

2.6

2.6


2.1


13.0

14.0


14.0


Tulare

3.0

2.6


2.6


20.0

20.0


22.0


Far North











Butte

3.3

3.2


3.3


19.0

17.0


25.0


Lassen

7.0

9.3


4.8


58.5

95.0


43.0


Plumas

6.6

5.5


6.6


60.0

132.0


55.0


Shasta

4.0

3.3


4.3


21.0

30.0


22.0


Siskiyou

8.3

10.9


5.5


63.0

57.0


52.0


Tehama

6.6

5.6


6.0


97.5

50.5


58.0


Trinity

18.4

8.9


NA


165.0

121.0


49.0


Other Calif. Counties











Amador

5.1

6.6


5.3


37.0

35.0


38.0


Calaveras

4.9

5.2


4.9


48.5

34.5


80.0


Del Norte

7.8

4.7


6.5


17.5

77.0


16.0


El Dorado

3.4

3.8


3.0


24.5

27.0


30.5


Humboldt

5.8

6.8


5.0


22.5

16.5


17.0


Lake

6.2

5.9


7.0

r

62.0

55.0


54.0

r

Mariposa

3.9

3.4


15.4


28.0

17.0


171.0


Mendocino

6.7

6.5


11.4


60.0

94.0


60.0


Mono

8.0

1.6


5.8


7.0

46.0


20.0


Nevada

4.6

4.0


4.4


19.0

55.0


29.0


Sutter

4.1

3.5


2.7


36.5

18.0


22.5


Tuolumne

4.9

4.9


3.2


17.0

84.0


33.5


Yolo

2.5

2.8


2.4


16.0

18.5


11.5


Yuba

2.8

4.0


3.1


27.0

39.0


29.5


r = revised
NA = not available

SOURCE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)

MENAFN17052024003732001241ID1108226653


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