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

$254,100

  • 2.2% 1-year change
  • None 1-year forecast

The median home value in California is $254,100. California home values have gone up 2.2% over the past year. The median list price per square foot in California is $139, which is lower than the Lexington Park Metro average of $142. The median price of homes currently listed in California is $229,900 while the median price of homes that sold is $245,128. The median rent price in California is $1,390, which is higher than the Lexington Park Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In California 9.5 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

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 4.4%, 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 34.1%.

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Relative ZHVI
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California Market Overview

Data through Dec 31, 2014
  • $254,100 ZHVI
  • No data 1-yr forecast
  • $229,900 Median listing price
  • No recent data Median sale price
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California Market Health

Data through Dec 31, 2014
  • 2.5/10 Less 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.
  • No data Average days on Zillow
  • 34.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

9.5 homes(Nov 30, 2014) California
4 homes United States
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Nearby Cities

Name Median ZHVI
Leonardtown $332,600
Saint Inigoes $310,800
Callaway $305,200
Name Median ZHVI
Saint Leonard $295,000
Hollywood $293,900
Solomons $272,100
Name Median ZHVI
Lexington Park $248,100
Great Mills $226,500
Lusby $219,000

Listings & Sales

Data through Dec 31, 2014
  • $139 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 14.8% Listings with price cut
24.5%
Sold below listing
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California Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,630 California
    $1,626 Lexington Park Metro
    $1,345 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,390 Rent list price
  • $1.10 Rent list price / sq ft
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