Thursday, March 28, 2024 / by Bob Cowan
CORELOGIC HOUSING MARKET UPDATE FOR SOUTHERN CALIFORNIA: MARCH 2024
The monthly residential Southern California home sales figures for January 2024 have been made public by CoreLogic®. Six counties in the region—Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura—are represented in the data for new and resale single-family houses as well as resale condominiums.
Southern California January 2024 Median Home Sales Prices
The median sales price for all tracked properties in Southern California was $705,000 in January, a year-over-year increase of 5.3% for the region. All counties in the region saw annual home price gains: Orange (12.1%), Ventura (8.7%), San Diego (7%), San Bernardino (5.6%), Los Angeles (4.6%) and Riverside (2.1%).
Orange County again posted the region’s highest median sales price, at $1.1 million, followed by San Diego ($802,500), Los Angeles ($800,000), Ventura ($799,000), Riverside ($550,000) and San Bernardino ($475,000).
| County | Median Sales Price January 2023 | Median Sales Price January 2024 | Year-Over-Year Change |
| Los Angeles | $765,000 | $800,000 | 4.6% |
| Orange | $950,000 | $1,065,000 | 12.1% |
| Riverside | $538,500 | $550,000 | 2.1% |
| San Bernardino | $450,000 | $475,000 | 5.6% |
| San Diego | $750,250 | $802,500 | 7.0% |
| Ventura | $735,000 | $799,000 | 8.7% |
| Southern California Total | $669,500 | $705,000 | 5.3% |
Southern California January 2024 Home Sales Activity
Southern California home sales volume increased by 6.6% from January 2023, with five of six counties posting annual gains.
Orange County posted the region’s largest annual increase in home sales, at 12.9%, followed by Riverside (8.7%), Los Angeles (8%), San Bernardino (3.7%) and Ventura (2.7%). San Diego County showed no change in year-over-year home sales volume.
| County | Home Sales Volume January 2023 | Home Sales Volume January 2024 | Year-Over-Year Change |
| Los Angeles | 3,089 | 3,335 | 8.0% |
| Orange | 1,265 | 1,428 | 12.9% |
| Riverside | 2,079 | 2,259 | 8.7% |
| San Bernardino | 1,479 | 1,533 | 3.7% |
| San Diego | 1,678 | 1,678 | 0.0% |
| Ventura | 339 | 348 | 2.7% |
| Southern California Total | 9,929 | 10,581 | 6.6% |
This article was initially published on CoreLogic. You can find it by clicking here.
CoreLogic provide property industry professionals with access to big data and cutting-edge analytics solutions, including location intelligence. Experts are also available to help support software implementation and offer consulting expertise to power digital transformations.
