The six-county region’s median home price increased 20.2 percent year over year to a record $655,000, according to real estate firm DQNews, as reported on Tuesday.
The L.A. Times notes that the 20.2 percent jump is the first year-over-year increase of more than 20 percent since December 2013. The previous record was set just a few weeks ago in March 2021, when DQNews recorded a SoCal median price of $630,000.
Last week, the California Realtors Association reported that the median sold price for Southern California in April was $750,000, up from $705,000 a month prior and $583,000 in April 2020.
Both sales and prices rose in all six counties in Southern California, per DQNews:
- Los Angeles County: the median price rose 19 percent to $750,000 in April; sales climbed 101 percent
- Orange County: the median price rose 15.6 percent to $872,500; sales were up 97.9 percent
- Riverside County: the median price rose 19.7 percent to $489,750; sales climbed 80.8 percent
- San Bernardino County: the median price rose 23.7 percent to $436,500; sales rose 66.9 percent
- San Diego County: the median price rose 17.8 percent to $700,000; sales were up 74.1 percent
- Ventura County: the median price rose 18.5 percent to $705,000; sales climbed 82.4 percent