California Median Home Price Hits Record $914,810 in April

California's housing market saw a record median home price of $914,810 in April 2026, with sales rising 4.1% year-over-year. - Sales of existing single-family homes increased 3.9% from March and 4.1% from April 2025.

- High-end properties ($2M+) drove the sales surge, with an 8.4% annual increase. - The Far North region led sales gains at 24.6%, while the Central Coast declined 3%.

- Mortgage rates averaged 6.33% in April, down from 6.73% a year ago. Despite the record price, housing affordability remains a significant challenge, with overall sales still below 300,000 for the 43rd consecutive month.