GITNUX MARKETDATA REPORT 2024

Statistics About The Average Home Cost In California

The average home cost in California is $655,000.

With sources from: mercurynews.com, cnbc.com, californiaforecast.com, car.org and many more

Statistic 1

In the Los Angeles county in California, the median selling price for homes is $690,000 as of April 2021.

Statistic 2

California's housing market is currently characterized as "strongly competitive", with homes typically receiving multiple offers.

Statistic 3

Home prices in San Francisco rose by 2.7% over the year, bringing the median home price in the region to a staggering $1.41 million.

Statistic 4

In May 2021, the Riverside County home price median was $510,000, which is the highest ever for this area.

Statistic 5

According to data from the California Association of Realtors, the median home price in Orange County was $1.1 Million in April 2021.

Statistic 6

In San Diego County, the median home price reached a record $750,000 in April 2021.

Statistic 7

Home prices in the Central Coast region increased by 19.1% compared to the same time in 2020.

Statistic 8

The median home value in California is $578,267 as of January 2020, 1% higher than it was a year ago.

Statistic 9

The $818,260 median price of a California single-family home is up 39.1% from $588,070 in May 2020.

Statistic 10

In Fresno, California, the median home price as of April 2021 was $365,000.

Statistic 11

In April 2021, Inland Empire’s median home price was $455,000, up 17.8 percent year over year.

Statistic 12

In April 2021, Central Valley’s median home price was $389,950, a 16.9 percent increase compared to the same period in 2020.

Statistic 13

In Far North’s region of California, the median home price in April 2021 was $345,000, a 15.6 percent year-over-year rise.

Statistic 14

The Monterey region saw a significant increase in the median home price, reaching $825,000 in April 2021, which marks a 22.2% increase compared to the same period in the previous year.

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In this post, we explore the diverse landscape of California’s housing market by looking at key statistics regarding median home prices in various counties and regions across the state. From the bustling markets of Los Angeles and San Francisco to the more affordable options in Fresno and Inland Empire, the data provides insights into the varying costs and trends shaping the real estate scene in the Golden State.

Statistic 1

"In the Los Angeles county in California, the median selling price for homes is $690,000 as of April 2021."

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Statistic 2

"California's housing market is currently characterized as "strongly competitive", with homes typically receiving multiple offers."

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Statistic 3

"Home prices in San Francisco rose by 2.7% over the year, bringing the median home price in the region to a staggering $1.41 million."

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Statistic 4

"In May 2021, the Riverside County home price median was $510,000, which is the highest ever for this area."

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Statistic 5

"According to data from the California Association of Realtors, the median home price in Orange County was $1.1 Million in April 2021."

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Statistic 6

"In San Diego County, the median home price reached a record $750,000 in April 2021."

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Statistic 7

"Home prices in the Central Coast region increased by 19.1% compared to the same time in 2020."

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Statistic 8

"The median home value in California is $578,267 as of January 2020, 1% higher than it was a year ago."

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Statistic 9

"The $818,260 median price of a California single-family home is up 39.1% from $588,070 in May 2020."

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Statistic 10

"In Fresno, California, the median home price as of April 2021 was $365,000."

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Statistic 11

"In April 2021, Inland Empire’s median home price was $455,000, up 17.8 percent year over year."

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Statistic 12

"In April 2021, Central Valley’s median home price was $389,950, a 16.9 percent increase compared to the same period in 2020."

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Statistic 13

"In Far North’s region of California, the median home price in April 2021 was $345,000, a 15.6 percent year-over-year rise."

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Statistic 14

"The Monterey region saw a significant increase in the median home price, reaching $825,000 in April 2021, which marks a 22.2% increase compared to the same period in the previous year."

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Interpretation

The statistics on home prices in various California regions paint a stark picture of the state's housing market. With soaring median prices in major cities like San Francisco and Orange County, and significant year-over-year increases seen across the board, it is evident that California's real estate market remains highly competitive and expensive. The continuous rise in home prices indicates a trend of strong demand and limited supply, posing challenges for prospective homebuyers looking to enter the market. As California's housing market continues to show resilience and significant price growth, it underscores the need for innovative solutions to address affordability issues and ensure sustainable growth in the housing sector.

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