California Housing Market Forecast 2024. Although a recession is no longer predicted, economic.  — california’s median home price is forecast to climb 6.2 percent to $860,300 in 2024, following a projected 1.5 percent decrease to $810,000 in 2023 from 2022’s.

The 2024 california housing market forecast by c.a.r., unveiled on september 20, 2023, predicts a rebound in the state’s. A key reason for high home prices currently is the lack of housing supply: