California Housing Market Forecast 2024. Housing markets including southern california, the northeast, and the midwest—where there is low active housing inventory and prices are still up a solid amount. The california median home price is forecast to rise 6.2 percent to $860,300 in 2024, following a projected 1.5 percent dip to $810,000 in 2023 from $822,300 in 2022.

In 2024, california’s housing market will be shaped by both positive and challenging economic factors. Realtor.com’s forecast and housing market predictions on key trends that will shape the year ahead.