According to the California Association of Realtors, California’s median home price reached a new high of $600,860 in May 2018, up 2.8 percent from April and up 9.2 percent from May 2017. The year-over-year price growth pace was the highest rate of growth since May 2014.
The average statewide price per square foot for an existing, single-family home statewide was $286 in May, up from $268 in May 2017.
The San Francisco Bay Area Region, continued to lead the state with a median home price of $1,088,000. The Los Angeles Metro area followed with a median price of $530,000, while the agricultural Inland Empire area came in third place with a median home price of $360,000.
Sales and Listing Activity
Meanwhile, the number of statewide active listings improved for the second consecutive month, increasing 8.3 percent from the previous year. The median number of days it took to sell a California single-family home remained low at 15 days in May compared with 14 days in May 2017.
(Regional and condo sales data not seasonally adjusted)
May 2018 |
Median Sold Price of Existing Single-Family Homes |
Sales |
|||||||
State/Region/County |
May 2018 |
April 2018 |
May 2017 |
Price MTM% Chg |
Price YTY% Chg |
Sales MTM% Chg |
Sales YTY% Chg |
||
Calif. Single-family home |
$600,860 |
$584,460 |
$550,230 |
r |
2.8% |
9.2% |
-1.8% |
-4.6% |
|
Calif. Condo/Townhomes |
$474,400 |
$476,010 |
$440,940 |
r |
-0.3% |
7.6% |
8.5% |
-2.0% |
|
Los Angeles Metro Area |
$530,000 |
$515,000 |
$485,000 |
r |
2.9% |
9.3% |
12.6% |
-5.6% |
|
Inland Empire |
$360,000 |
$360,000 |
$340,000 |
r |
0.0% |
5.9% |
7.6% |
-5.0% |
|
San Francisco Bay Area |
$1,088,000 |
$1,025,890 |
r |
$935,000 |
r |
6.1% |
16.4% |
17.3% |
2.1% |
San Francisco Bay Area |
|||||||||
Alameda |
$1,025,000 |
$969,300 |
$862,000 |
5.7% |
18.9% |
15.5% |
6.7% |
||
Contra Costa |
$687,500 |
$689,660 |
$653,000 |
-0.3% |
5.3% |
18.9% |
5.1% |
||
Marin |
$1,415,000 |
$1,385,000 |
$1,315,000 |
2.2% |
7.6% |
15.5% |
3.5% |
||
Napa |
$702,500 |
$682,500 |
$673,250 |
2.9% |
4.3% |
10.6% |
-14.8% |
||
San Francisco |
$1,620,000 |
$1,650,000 |
$1,501,680 |
-1.8% |
7.9% |
26.9% |
10.8% |
||
San Mateo |
$1,600,000 |
$1,770,000 |
$1,480,000 |
-9.6% |
8.1% |
31.0% |
2.5% |
||
Santa Clara |
$1,400,000 |
$1,425,000 |
$1,200,000 |
-1.8% |
16.7% |
14.2% |
-1.7% |
||
Solano |
$451,000 |
$447,500 |
$415,000 |
0.8% |
8.7% |
15.1% |
-0.7% |
||
Sonoma |
$698,500 |
$685,000 |
$625,000 |
2.0% |
11.8% |
13.0% |
-3.2% |
||
Southern California |
|||||||||
Los Angeles |
$536,940 |
$528,540 |
$492,040 |
1.6% |
9.1% |
17.6% |
-5.5% |
||
Orange |
$838,000 |
$818,000 |
$795,000 |
2.4% |
5.4% |
12.4% |
-7.4% |
||
Riverside |
$409,925 |
$400,000 |
$375,000 |
2.5% |
9.3% |
6.5% |
-8.7% |
||
San Bernardino |
$285,000 |
$289,900 |
$272,500 |
-1.7% |
4.6% |
9.5% |
2.1% |
||
San Diego |
$640,000 |
$635,000 |
$605,000 |
0.8% |
5.8% |
10.2% |
-6.1% |
||
Ventura |
$670,000 |
$665,000 |
r |
$636,500 |
r |
0.8% |
5.3% |
13.3% |
-5.9% |
Central Coast |
|||||||||
Monterey |
$677,000 |
$607,750 |
$617,000 |
11.4% |
9.7% |
15.3% |
16.7% |
||
San Luis Obispo |
$638,660 |
$597,505 |
$569,000 |
6.9% |
12.2% |
23.4% |
0.3% |
||
Santa Barbara |
$680,000 |
$650,000 |
$725,000 |
4.6% |
-6.2% |
8.4% |
-10.0% |
||
Santa Cruz |
$865,000 |
$899,000 |
$875,000 |
-3.8% |
-1.1% |
8.4% |
34.1% |
||
Central Valley |
|||||||||
Fresno |
$279,980 |
$260,000 |
r |
$250,000 |
7.7% |
12.0% |
12.0% |
0.9% |
|
Glenn |
$230,000 |
$215,000 |
$200,000 |
7.0% |
15.0% |
138.5% |
40.9% |
||
Kern |
$247,750 |
$235,000 |
$230,000 |
5.4% |
7.7% |
33.0% |
20.9% |
||
Kings |
$235,000 |
$235,000 |
$211,000 |
0.0% |
11.4% |
3.0% |
8.3% |
||
Madera |
$259,000 |
$244,000 |
r |
$249,000 |
r |
6.1% |
4.0% |
22.9% |
3.5% |
Merced |
$262,000 |
$259,000 |
$243,500 |
1.2% |
7.6% |
30.6% |
2.1% |
||
Placer |
$499,650 |
$489,000 |
$460,000 |
2.2% |
8.6% |
11.4% |
-6.5% |
||
Sacramento |
$375,000 |
$369,000 |
$342,100 |
1.6% |
9.6% |
9.4% |
2.4% |
||
San Benito |
$579,900 |
$569,217 |
$520,000 |
1.9% |
11.5% |
10.2% |
38.3% |
||
San Joaquin |
$367,855 |
$374,990 |
$331,950 |
-1.9% |
10.8% |
21.1% |
-6.9% |
||
Stanislaus |
$325,000 |
$306,000 |
$290,000 |
6.2% |
12.1% |
12.9% |
-5.8% |
||
Tulare |
$234,950 |
$229,250 |
$225,000 |
2.5% |
4.4% |
18.2% |
6.4% |
||
Other Calif. Counties |
|||||||||
Amador |
$331,500 |
$335,000 |
$350,000 |
-1.0% |
-5.3% |
6.8% |
-20.3% |
||
Butte |
$324,100 |
$316,000 |
$308,000 |
2.6% |
5.2% |
1.2% |
-7.3% |
||
Calaveras |
$329,000 |
$340,000 |
$300,000 |
r |
-3.2% |
9.7% |
34.0% |
17.1% |
|
Del Norte |
$214,000 |
$239,000 |
$220,000 |
-10.5% |
-2.7% |
-17.4% |
18.8% |
||
El Dorado |
$552,000 |
$499,999 |
$469,000 |
10.4% |
17.7% |
0.7% |
-0.7% |
||
Humboldt |
$314,900 |
$309,000 |
$289,500 |
1.9% |
8.8% |
-2.6% |
10.8% |
||
Lake |
$263,400 |
$285,000 |
$240,000 |
-7.6% |
9.7% |
3.8% |
-15.6% |
||
Lassen |
$215,000 |
$155,500 |
$192,500 |
38.3% |
11.7% |
93.3% |
93.3% |
||
Mariposa |
$324,500 |
$344,850 |
$271,000 |
-5.9% |
19.7% |
7.7% |
-26.3% |
||
Mendocino |
$420,000 |
$430,000 |
$410,000 |
-2.3% |
2.4% |
62.9% |
-1.7% |
||
Mono |
$852,500 |
$520,000 |
$627,500 |
63.9% |
35.9% |
42.9% |
-16.7% |
||
Nevada |
$404,000 |
$408,738 |
$389,000 |
-1.2% |
3.9% |
10.0% |
-20.4% |
||
Plumas |
$310,000 |
$280,250 |
$285,000 |
10.6% |
8.8% |
225.0% |
14.7% |
||
Shasta |
$264,000 |
$258,950 |
$255,000 |
2.0% |
3.5% |
2.7% |
3.4% |
||
Siskiyou |
$210,000 |
$217,250 |
$211,500 |
-3.3% |
-0.7% |
47.1% |
-7.4% |
||
Sutter |
$281,000 |
$280,000 |
$283,000 |
0.4% |
-0.7% |
22.7% |
5.7% |
||
Tehama |
$197,500 |
$210,000 |
$203,000 |
-6.0% |
-2.7% |
-14.6% |
-32.7% |
||
Tuolumne |
$300,000 |
$305,000 |
$299,000 |
-1.6% |
0.3% |
-14.1% |
-5.2% |
||
Yolo |
$476,500 |
$495,000 |
$453,450 |
-3.7% |
5.1% |
13.2% |
-5.3% |
||
Yuba |
$297,500 |
$285,000 |
$255,570 |
4.4% |
16.4% |
7.6% |
-4.5% |
||