The Quarter 1 statistics are in for California real estate! Here are some key highlights from the California Association of REALTORS®:
The median price of a single-family home in California was $846,830.
Only 17% of California households could afford that median-priced home in Quarter 1 2025—this figure is known as the Housing Affordability Index (HAI).
The HAI rose by 2% compared to Q4 2024, meaning homes were slightly more affordable for buyers at the start of 2025.
The median price of a condo or townhome was $670,000.
Affordability is influenced by both home prices and mortgage interest rates. According to recent economic forecasts, buyers should expect mortgage rates to remain around 6% for the remainder of 2025. (We know—we’re all hoping for a 5% or even 4% rate!)
To clarify, when the California Association of REALTORS® reports a median, that means half of homes sold for less than $846,830, and half sold for more. It’s a reliable way to gauge the “typical” home price.
We’d love to hear from you:
Does $846,830 sound about right for your area?
Does it feel like a deal, or does it seem far above what homes sell for near you?
California includes everything from coastal cities with multimillion-dollar mansions to rural towns and large metro areas like San Francisco, Los Angeles, San Diego, and Sacramento. The market truly varies depending on where you live.
Curious how your home compares to the state median?
Let’s talk! Call us today— we’d be happy to provide a local market snapshot.
