Southern California towns see rapid home price growth, with median values topping $1 million

Many working-class California towns now have $1 million median home prices, including Placentia, Orange, Tustin, Bonita, Cerritos, and San Gabriel.

Bonita and Tustin saw nearly 12% home price growth in the past year. The median CA home price is now $789,000.

Limited land and inherited properties are driving price hikes in these areas. Supply/demand constraints also play a role.

California has 210 cities with $1+ million median home values - 40% of the 550 nationally. 12 more cities joined the list in 2024.

Multiple southern CA cities saw 12-17% price growth recently. Bonita prices jumped 65% in 5 years. Statewide median price rose 33.5% over 5 years.