House prices skyrocketing in southern California

According to data analyzed by real estate brokerage Clever, home prices in some cities in California have increased 290%. Two decades ago, the typical home in Riverside or Sacramento was valued under $200,000. Now, the median home value in Riverside is $544,000. It’s $583,000 in Sacramento. San Diego was a bit more expensive in 2000, with an average home costing $231,000. Now, that same home might be worth $858,000. Los Angeles’ median home went from $231,000 in 2000 to $878,000 in 2022 – a 280% increase.