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What is the housing market like right now?
In January 2025, home prices in California were up 6.3% compared to last year, selling for a median price of $786,900. On average, the number of homes sold was up 1.3% year over year and there were 16,445 homes sold in January this year, up 16,237 homes sold in January last year. The median days on the market was 53 days, up 8 year over year.
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $786,900.
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