Home prices in America's top-dollar markets surged, with California maintaining a commanding lead. San Jose tops the list with a median price of $2.02 million, marking a 9.8% increase year-over-year. Notably, Anaheim and San Francisco follow closely in sales prices. Honolulu is the only non-California city in the top five. Despite challenges like wildfires, Los Angeles' median home price rose to $862,000, demonstrating resilience. The trend is driven by a lack of housing supply across these high-demand areas.
San Jose, CA, registered the highest median sales price for a single-family home in the U.S. from January to March, reaching a staggering $2.02 million, up 9.8% compared with a year ago.
Eight out of the ten highest pricing cities are in California, confirming the Golden State's reign as a desirable housing hot spot, according to the latest quarterly report from the National Association of Realtors.
Honolulu was the only non-California housing market to break into the top five, with the median sales price surging 7.3% from the previous year, to $1.16 million.
Despite being devastated by deadly wildfires, Los Angeles saw the price of the typical home rise 4.8% year over year, reaching $862,000, and landing Tinseltown in the 10th spot on the list.
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