Where are the cheapest — and most expensive — homes in California? Here’s latest list
Are you looking to buy a house in California?
According to the California Association of Realtors’ January home sales and price report, the median sold price of an existing single family home in California was at $788,940 last month — which was a decrease of almost 4% compared to December’s price report but still 5% more than January 2023.
“Existing home sales rebounded in January to the highest level in six months as mortgage rates pulled back sharply at the end of 2023,” the association announced in the report.
Though mortgage rates have been softening since last October, “home prices will likely maintain their upward momentum” as the year progresses.
“While we’ll likely experience some ups and downs in home sales in the coming months as rates continue to fluctuate, the lending environment is expected to be more favorable in 2024,” Melanie Barker, the association’s president, stated in the report.
With lower rates, home sales could increase, Barker stated.
Overall, year-to-date home sales in California were up about 6% last month.
If you’re looking to buy a house in California, here’s where you can find the cheapest — and most expensive — home prices, as of January:
Where can you find the cheapest home prices in California?
According to the association’s January home sales and price report, these 11 counties had cheaper prices than the state median:
1. Lassen County
Median sold price of existing single family homes: $229,000
Region: Northern California
2. Del Norte County
Median sold price of existing single family homes: $295,000
Region: Northern California
3. Lake County
Median sold price of existing single family homes: $325,000
Region: Northern California
4. Siskiyou County
Median sold price of existing single family homes: $329,000
Region: Northern California
5. Tehama County
Median sold price of existing single family homes: $340,000
Region: Northern California
6. Tulare County and Glenn County
Median sold price of existing single family homes: $349,000
Region: Central Valley
Median sold price of existing single family homes: $349,000
Region: Central Valley
7. Tuolumne County
Median sold price of existing single family homes: $360,750
Region: Central Valley
8. Plumas County
Median sold price of existing single family homes: $363,620
Region: Northern California
9. Kings County
Median sold price of existing single family homes: $365,000
Region: Central Valley
10. Kern County
Median sold price of existing single family homes: $375,000
Region: Central Valley
Where are the most expensive home prices in California?
The Bay Area remains the most expensive region to buy a house with a median of more than $1.5 million for a single-family home.
According to last month’s home sales and price report, these five counties had the most expensive prices:
San Mateo County - $1,975,000
Santa Clara County - $1,710,440
San Francisco County - $1,530,000
Marin County - $1,524,500
Orange County - $1,320,000
What do you want to know about life in Sacramento? Ask our service journalism team your top-of-mind questions in the module below or email servicejournalists@sacbee.com.
