California Home Prices & Values

$404,900 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

  • 18.4% 1-year change
  • 6.5% 1-year forecast

The median home value in California is $404,900. California home values have gone up 18.4% over the past year and Zillow predicts they will rise 6.5% within the next year. The median list price per square foot in California is $237. The median price of homes currently listed in California is $390,990 while the median price of homes that sold is $369,700. The median rent price in California is $1,675.

Foreclosures will be a factor impacting home values in the next several years. In California 3.2 homes are foreclosed (per 10,000). This is lower than the national value of 5.0

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 6.6%, which is lower than the national value of 8.0%. 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 16.5%.

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Relative ZHVI
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California Market Overview

Data through Feb 28, 2014
  • $404,900 ZHVI
  • 6.5% 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

    (Feb 28, 2015)
  • $390,990 Median listing price
  • $369,700 Median sale price
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California Market Health

Data through Feb 28, 2014
  • 7.3/10 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.

  • 83 Average of days on Zillow (Jan 31, 2014)
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

3.2 homes California
5 homes United States
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Cities in California

Name Median ZHVI Name Median ZHVI Name Median ZHVI
San Francisco $887,700 San Jose $661,700 Los Angeles $492,900
San Diego $476,000 Long Beach $463,000 Oakland $435,300
Sacramento $235,100 Bakersfield $187,200 Fresno $160,800

Listings & Sales

Data through Feb 28, 2014
  • $237 Median list price / sq ft
  • $236 Median sale price / sq ft
  • 27.4% Listings with price cut
17.2%
Sold below listing
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California Rentals

Data through Feb 28, 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
$2,068 California
$1,310 United States
  • No data Breakeven horizon
  • $1,675 Rent list price
  • $1.41 Rent list price / sq ft
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