California’s median home price hit a new record in April at $914,810, marking the first time the median price has crossed the $900,000 threshold since May 2025.
The previous record high was set in April 2025 with $910,160. According to the California Association of Realtors (CAR), April’s price was a 2.9% uptick from March and the third consecutive month of year-over-year growth.
“The increase in the median price was driven in large part by the composition of sales, with a greater share of activity occurring in higher-priced segments of the market,” said CAR Senior Vice President and Chief Economist Jordan Levine. “Nevertheless, housing affordability remains a significant challenge in California, particularly as the statewide median home price reached a new record high amid tight supply and continued competition in many markets.”
Closed escrow sales of existing, single-family detached homes in California climbed 3.9% from March and increased 4.1% on a year-over-year basis. Overall sales remained below the 300,000 mark for the 43rd consecutive month.
“April’s year-over-year increase in home sales is a welcome sign that buyer demand remains resilient as we move deeper into the spring homebuying season,” said CAR President Tamara Suminski, a Southern California broker and realtor. “While elevated mortgage rates and ongoing uncertainty in the Middle East continue to weigh on the market, California buyers and sellers are still finding opportunities, and that speaks to the underlying strength of housing demand.”
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