Home Values

California Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$434,200

  • 8.0% 1-year change
  • 3.6% 1-year forecast

The median home value in California is $434,200. California home values have gone up 8.0% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in California is $242. The median price of homes currently listed in California is $399,999 while the median price of homes that sold is $399,500. The median rent price in California is $1,900.

Foreclosures will be a factor impacting home values in the next several years. In California 2.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in California is 5.6%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of California homeowners underwater on their mortgage is 12.6%.

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Relative ZHVI
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California Market Overview

Data through Nov 30, 2014
  • $434,200 ZHVI
  • 3.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $399,999 Median listing price
  • $399,500 Median sale price
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California Market Health

Data through Nov 30, 2014
  • 7.3/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 71 Average days on Zillow (Oct 31, 2014)
  • 12.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes California
4.2 homes United States
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Cities in California

Name Median ZHVI
San Francisco $993,300
San Jose $734,700
Los Angeles $525,700
Name Median ZHVI
Oakland $493,700
San Diego $489,500
Long Beach $482,600
Name Median ZHVI
Sacramento $255,700
Bakersfield $197,900
Fresno $174,700

Listings & Sales

Data through Nov 30, 2014
  • $242 Median list price / sq ft
  • $257 Median sale price / sq ft
  • No data Listings with price cut
13.3%
Sold below listing
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California Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,177 California
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,900 Rent list price
  • $1.69 Rent list price / sq ft
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