California Housing Market Forecast 2024. California’s unemployment rate, 5.2% of its labor force in july, is no longer the nation’s highest after months of having that dubious. House prices have appreciated annually since.

 — 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.  — california’s median home price is forecast to climb 6.2% to $860,300 in 2024, following a projected 1.5% decrease to $810,000 in 2023 from 2022’s $822,300.