The California housing market is very competitive. Homes in California receive 3 offers on average and sell in around 27 days. The median sale price of a home in California was $360K last month, up 6.8% since last year. The median sale price per square foot in California is $178, up 7.5% since last year.
What is the housing market like in California today?
In March 2024, California home prices were up 6.8% compared to last year, selling for a median price of $360K. On average, homes in California sell after 27 days on the market compared to 35 days last year. There were 32 homes sold in March this year, down from 37 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$360,000
+6.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
California, MD
$360,000
+6.8%
United States
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How hot is the California housing market?
California is very competitive. Homes sell in 32 days.
0
100
79
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 32 days.
Hot homes
can sell for about 2% above list price and go pending in around 20 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for California
Explore recent offers and recently sold homes in California
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on California housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in California.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
California has a moderate risk of flooding. 294 properties in California are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in California. Flood risk is increasing faster than the national average.
75% of properties are at risk of wildfire over the next 30 years
Fire Factor
California has a moderate risk of wildfire. There are 3,956 properties in California that have some risk of being affected by wildfire over the next 30 years. This represents 75% of all properties in California.
97% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
California has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. California is most at risk from hurricanes. 5,073 properties in California have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 114 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 134 mph.