California Housing Market 2024. Over the last year, median home values have surged to $1.56 million in the central orange county city, an increase of 20.8%, which is. Home sales are expected to register only slightly higher than.
The california median home price is forecast to rise 6.2 percent to $860,300 in 2024, following a projected 1.5 percent dip to $810,000 in 2023 from $822,300 in. A robust job market, especially in tech and entertainment sectors, supports housing demand, but also leads to increased competition and pricing in certain areas.