A Typical House Costs Less Than $300K In These California Counties

CALIFORNIA — There are two counties in California where a typical buyer can expect to pay less than $300,000 for a house, according to the California Association of Realtors.

In the far northern counties of Lassen and Siskiyou the median sold price for existing single family homes in May was $263,000 and $299,500, respectively, according to a news release about the association’s homes sales and price report for the month.

In eight other counties, the median sold price was under $400,000, the news release said. They are:

• Imperial — $377,450;
• Glenn — $350,000;
• Kings — $368,760;
• Tulare — $385,000;
• Shasta — $380,000;
• Tehama — $390,000;
• Trinity — $315,000;
• Lake — $362,500.

Statewide, the median home price for May was $900,170, down 0.9 percent year-over-year from $908,000 in May 2024, according to the association. Closed escrow sales of existing houses had a seasonally adjusted annualized rate in May of 254,190, 4 percent lower than the same period last year.

“With home prices leveling off and more homes coming onto the market, it’s a great time for well-qualified buyers to enter the market,” association President Heather Ozur, a Palm Springs real estate agent, said in the news release.

The statewide median price decline involves multiple factors including high interest rates, issues with insurance availability and affordability, economic uncertainty and sellers’ willingness to reduce prices, according to the association.