Housing Market Forecast 2024 California. Zillow’s latest forecast calls for home values to hold steady in 2024, falling 0.2%. California housing market will rebound in 2024 as mortgage rates ebb.
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 $822,300. According to c.a.r.’s 2024 california housing market forecast, the market will experience a significant recovery in 2024, as mortgage rates are expected to decline and more.
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