California Home Prices & Values

$430,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 11.5% 1-year change
  • 5.8% 1-year forecast

The median home value in California is $430,700. California home values have gone up 11.5% over the past year and Zillow predicts they will rise 5.8% within the next year. The median list price per square foot in California is $254. The median price of homes currently listed in California is $424,900 while the median price of homes that sold is $409,550. The median rent price in California is $1,895.

Foreclosures will be a factor impacting home values in the next several years. In California 2.5 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 6.1%, which is lower than the national value of 6.9%. 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 13.2%.

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Relative ZHVI
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California Market Overview

Data through Aug 31, 2014
  • $430,700 ZHVI
  • 5.8% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Aug 31, 2015)
  • $424,900 Median listing price
  • $409,550 Median sale price
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California Market Health

Data through Aug 31, 2014
  • 7.4/10 Healthy What's This?  
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    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.

  • No recent data Average days on Zillow
  • 13.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes California
4.3 homes United States
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Cities in California

Name Median ZHVI Name Median ZHVI Name Median ZHVI
San Francisco $993,100 San Jose $719,500 Los Angeles $525,200
San Diego $496,600 Oakland $493,400 Long Beach $485,200
Sacramento $252,000 Bakersfield $194,900 Fresno $171,600

Listings & Sales

Data through Aug 31, 2014
  • $254 Median list price / sq ft
  • $262 Median sale price / sq ft
  • 34.2% Listings with price cut
13.5%
Sold below listing
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California Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,134 California
$1,328 United States
  • No data Breakeven horizon
  • $1,895 Rent list price
  • $1.64 Rent list price / sq ft
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