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CORELOGIC HOUSING MARKET UPDATE FOR SOUTHERN CALIFORNIA: MARCH 2024

Thursday, March 28, 2024   /   by Bob Cowan

CORELOGIC HOUSING MARKET UPDATE FOR SOUTHERN CALIFORNIA: MARCH 2024

MARKET UPDATE FOR SOUTHERN CALIFORNIA MARCH 2024.jpg

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.


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Platinum Living Realty
Bob Cowan
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Based on information from California Regional Multiple Listing Service, Inc. as of April 16, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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