California Median Home Prices reached a new statewide record in April as the median cost of an existing single-family home climbed above $900,000 for the first time since last spring. New data from the California Association of Realtors showed the statewide median price increased 2.9 percent from March to $914,810 in April.
The latest report also found prices rose 0.4 percent from April 2025, marking the third straight month of annual gains after declines earlier this year. Analysts said the increase reflected stronger sales activity in higher-priced housing markets rather than rapid appreciation across all property types.
Million-dollar home sales reached their highest share on record during April, which pushed the statewide median higher even as overall price growth remained modest. The California Association of Realtors noted the monthly increase matched the historical average gain typically seen between March and April over the past three decades.
High-End Sales Shape Statewide Numbers
Housing experts said the latest numbers show California’s housing market remains divided between luxury and entry-level buyers. High-income buyers continue to purchase homes despite elevated mortgage rates, while many middle-income households face affordability challenges.
In the San Gabriel Valley, cities such as Arcadia, Temple City, and parts of Rosemead continue to attract buyers seeking larger homes and access to strong school districts. Those higher-priced sales can influence regional pricing trends even when broader demand softens.
Local real estate agents said inventory remains limited in many Mid Valley communities. Sellers who list well-maintained homes in desirable neighborhoods still receive strong interest, especially for properties priced below county averages.
The statewide housing market has also experienced slower activity in lower-priced segments. Higher borrowing costs and insurance expenses continue to affect first-time buyers throughout Los Angeles County.
According to California Association of Realtors, the increase in million-dollar transactions was the primary reason the statewide median reached a new peak. The organization said the numbers do not necessarily indicate sharp increases in individual property values across every market.
California Median Home Prices Reflect Market Shift
Housing economists expect California home prices to remain relatively stable through the summer as mortgage rates continue to influence buyer activity. Many analysts believe inventory shortages will support prices even if sales volume slows in some regions.
For Mid Valley residents, the latest report highlights the ongoing pressure facing buyers searching for affordable housing options near Los Angeles employment centers. While luxury sales continue to lift statewide figures, affordability remains a central concern for many local families.
