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California’s housing market offers more than just the well-known coastal cities. Hidden gems like Lakewood, Victorville, and Richmond offer a mix of vibrant city life and peaceful suburban living, all while providing great value and quality of life.
Each of these cities has unique advantages, making them excellent choices for different lifestyles and budgets. Whether you’re looking for affordability, convenience, or a welcoming community, these cities have something special to offer in today’s competitive market.
California Housing Market: A Golden Opportunity for Home Buyers
The California housing market is showing positive signs for homebuyers in 2025. With modest price growth and increased inventory, the market is stabilizing, showing less volatility than in previous years. Buyers now have a wider selection of homes and more negotiating power.
Nearly half of the homes on the market have seen price reductions, and the sale-to-list price ratio has dropped to 99.2%. While there’s still some urgency with just two months of available supply, the market is shifting toward balance, giving buyers more time to make informed decisions.
This shift, coupled with more available homes, presents an excellent opportunity for buyers to act strategically. With less competition than in previous years, you can find a home that meets your needs without feeling rushed.
California Housing Market Data:
- Home prices are up by 1.1% year-over-year, with the current median price at $875,000.
- Housing inventory has increased by 18.3%, offering more options for buyers compared to last year.
- 45% of homes have experienced price reductions, up from 23% last year, providing buyers with better negotiation opportunities.
- The sale-to-list price ratio has decreased to 99.2%.
- Homes are spending a median of 34 days on the market, offering more time for buyers to make decisions.
- There is only two months of supply available, keeping the market somewhat competitive.
- Homes sold have increased by 1.5%, showing steady demand despite market changes.
What Makes Lakewood Great for Home Buyers?
Lakewood is famous for its tree-lined streets and lush green spaces, home to over 20,000 trees that create a peaceful, natural retreat just 25 miles south of downtown Los Angeles. This family-friendly community is ideal for those seeking a tranquil environment while still being close to the action.
Residents enjoy easy access to popular attractions like Disneyland and Universal Studios, making weekend getaways a breeze. For shopping and dining, the Lakewood Center, one of the first indoor malls in the U.S., offers a wide variety of stores and restaurants, all within a short distance. It’s the perfect blend of suburban charm and urban convenience.
Housing Market Snapshot:
- Median home price: $880K, up 2.1% from last year
- Highly competitive market with homes receiving an average of 4 offers
- Properties are selling in just 28 days
- Many homes sell 1% above list price
- Hot properties can sell for 3% above asking in as little as 19 days
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What Makes Victorville Great for Home Buyers?
Victorville, known as California’s most affordable city for homebuyers, has experienced impressive growth, with its population increasing by 12% from 2020 to 2023. This makes it one of the fastest-growing suburbs in the state. Situated along the historic Route 66, just 90 minutes from Los Angeles, Victorville offers a perfect blend of suburban living with easy access to the big city.
The city is rich in history, with the California Route 66 Museum showcasing its iconic past. At the same time, the nearby Mojave Desert provides stunning landscapes and endless outdoor activities, making Victorville an attractive option for those who enjoy nature and adventure while benefiting from affordable living.
Housing Market Snapshot:
- Median home price: $421K, down 3.0% year-over-year
- Market competitiveness: Somewhat competitive, with homes receiving an average of 2 offers.
- Average days on market: 59 days
- Most homes sell around list price
- Hot properties can sell 2% above asking in about 29 days
Outdoor enthusiasts flock to Silverwood Lake State Recreation Area for a variety of activities, including hiking, swimming, fishing, and mountain biking. Just a short distance away, Mojave Narrows Regional Park offers disc golf at Horseshoe Lake and scenic views, while the city’s free Concerts in the Park series at Hook Park brings the community together on warm summer evenings.
With over 300 sunny days per year, Victorville’s desert climate is perfect for enjoying outdoor activities year-round. If this vibrant lifestyle appeals to you, check out homes for sale in Victorville and discover the perfect place to make it your own.
What Makes Richmond Great for Home Buyers?
Richmond offers affordable Bay Area living with a rich industrial history and a breathtaking waterfront location. With a population of over 115,000, this East Bay city stands out for its more affordable home prices compared to other Bay Area neighborhoods.
Richmond’s fascinating World War II history is showcased at the Rosie the Riveter/WWII Home Front National Historical Park, where you can explore the SS Red Oak Victory ship museum and learn about the city’s vital role in warship production during the war. It’s a place where history meets modern living, making Richmond an exciting and affordable option for those looking to settle in the Bay Area.
Housing Market Snapshot:
- Median home price: $700K, up 6.9% year-over-year
- Average offers per home: 3
- Average days on market: 26 days
- Homes typically sell for 1% above list price
- Hot properties can sell for 6% above asking in just 14 days
With 114,000 residents, this East Bay city offers lower home prices than most Bay Area areas, while still providing easy access to San Francisco and Silicon Valley.
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Making Your Choice: Which City Fits Your Lifestyle?
Whether you’re attracted to Lakewood’s tree-lined streets, Victorville’s affordable living, or Richmond’s rich history and waterfront views, these cities offer fantastic opportunities for homebuyers. With a competitive housing market, growing inventory, and diverse options across California, now is the perfect time to explore these hidden gems.
By focusing on what fits your lifestyle and taking advantage of current market trends, you can find a home that meets your needs and serves as a smart investment for the future.
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