California is currently one of the hottest real estate markets in the U.S., with a median sales price of $838,200. That’s nearly double the national median home price of $439,455. While the U.S. median home price has increased 4.1% this year, home prices in California are currently up 6.9%.
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However, some metropolitan areas in California have seen much higher growth, meaning it may be even harder for the average California resident to save money to buy a home. According to data from Redfin, these are the 10 regions in California where home prices have increased the most.
Yorba-Linda
Yorba Linda has seen the biggest price increase. The city is known for its beautiful properties and high-quality amenities. With a current median home sale price of $1,552,500, Yorba Linda offers luxurious living with ample green space and a family-friendly atmosphere. A total of 62 homes were sold there this year.
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Orange
Orange combines small-town charm with historic architecture, especially in the historic Old Towne Orange district. The median home price here is $1,200,000 and properties typically sell within 29 days, indicating a very competitive market. A total of 67 homes were sold this year.
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Located in Santa Margarita, 1 mi from Rancho Santa Margarita, Rancho Santa Margarita provides accommodations with a restaurant, free private parking, a bar and a shared lounge.
Rancho Santa Margarita has many planned communities and a family-friendly atmosphere. The town offers a variety of outdoor activities with numerous parks and lakes, making it an attractive place for families looking for a balanced lifestyle. The median home price in Rancho Santa Margarita is $1,040,000. Homes typically stay on the market for 26 days and this year 38 homes have sold.
San Clemente
San Clemente beckons with stunning coastal views and a laid-back lifestyle. Known as the “Spanish Village by the Sea,” this town offers a mix of historic sites, surf culture and modern amenities.
In San Clemente, the median home price is $1,650,000. The market here is quite active, with homes on the market an average of 41 days and 72 homes sold this year. The beautiful beaches and close-knit community feel continue to attract buyers seeking a quiet lifestyle.
Torrance
Many may choose Torrance because of its proximity to Los Angeles. The city has a quieter suburban atmosphere with access to urban amenities. With a median home price of $1,340,000 and one of the fastest sales rates, homes here stay on the market for about 26 days. The city has seen 78 homes sold this year.
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Mission Viejo
Mission Viejo is known for its well-maintained neighborhoods and numerous recreational amenities, including golf courses and Lake Mission Viejo. The median home price here is $1,259,000. Homes are on the market for an average of 27 days, with 107 homes sold this year.
Napa
Napa is known worldwide and attracts numerous tourists each year who enjoy its scenic landscape. The median home price here has risen to $1,015,000. Homes stay on the market an average of 40 days, with 54 homes sold this year.
Irvine
Irvine is known for its educational institutions and high-tech companies. This city is attractive to both professionals and families, offering a dynamic environment with a robust job market and high quality of life. Home prices in Irvine have reached a median of $1,595,000. This year, 183 homes were sold and stayed on the market for approximately 27 days.
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San Mateo
Nestled in Silicon Valley, San Mateo is home to companies such as Sony Interactive Entertainment and Franklin Templeton Investments. With a median home sale price of $1,675,000, you have to be relatively wealthy to buy property here. Homes don’t stay on the market long here, averaging just 14 days to sell, indicating strong buyer demand and a fast-moving market. So far this year, 71 homes have been sold in San Mateo.
Temecula
Temecula is characterized by its vibrant cultural scene, including Old Town Temecula, which hosts various events throughout the year. The city’s rural charm makes it an attractive choice for those seeking a more leisurely lifestyle without having to venture too far from the amenities of larger cities.
While still expensive, Temecula represents a slightly cheaper entry point with a median home sale price of $782,500. Homes stay on the market here for about 29 days, and 116 homes have sold this year.
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This article originally appeared on GOBankingRates.com: 10 Places in California You May Not Be Able to Afford Right Now Due to Rapidly Rising Home Prices