Prospective buyers in some parts of Southern California are seeing a little relief when it comes to housing prices, new data suggests.
According to the California Association of Realtors, the median price of a single-family home across the entire state for Oct. 2023 was $840,360, signifying a 0.4 percent decrease from September’s $843,340.
Locally, Ventura County buyers saw the biggest month-to-month price drop, with homes there selling for 6.6 percent less in October than they were in September.
The average single-family home now costs just under $900,000 in Ventura County, according to the California Association of Realtors.
However, those looking to buy a single-family home in O.C. still have to fork over a median price of $1,275,000, which ranks among the most expensive in the state.
Potential buyers in the Inland Empire are among those who saw median home prices jump over the last month; the average single-family home in San Bernardino County sold for $481,500 in the month of October, which marks an increase of more than $6,000 from September.
Those looking to buy a house in Riverside County are faring even worse, as housing prices have risen 3.5 percent in just one month, from $600,000 to $620,960.
To view complete housing price statistics for all California counties, click here.
To view a breakdown of the California housing market by city, click here.