California’s median home price reached $650,000 in mid-2025, a 45% increase since 2020.
Compounded annual growth over five years is approximately 7.7%, showing sustained price appreciation.
Inventory levels are low, around 3.5 months, indicating a tight seller’s market.
Mortgage rates near 7% have tempered buying power but not reversed overall price gains.
Coastal regions like San Francisco and Los Angeles remain the most expensive markets.
