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

$250,300

  • -0.0% 1-year change
  • None 1-year forecast

The median home value in California is $250,300. California home values have declined -0.0% over the past year. The median list price per square foot in California is $145, which is higher than the Lexington Park Metro average of $144. The median price of homes currently listed in California is $226,700 while the median price of homes that sold is $236,529. The median rent price in California is $1,325, which is lower than the Lexington Park Metro median of $1,390.

Foreclosures will be a factor impacting home values in the next several years. In California 3.7 homes are foreclosed (per 10,000). This is lower 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 5.2%, 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 30.2%.

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Relative ZHVI
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California Market Overview

Data through Sep 30, 2014
  • $250,300 ZHVI
  • No data 1-yr forecast
  • $226,700 Median listing price
  • $236,529 Median sale price (Jul 31, 2014)
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California Market Health

Data through Sep 30, 2014
  • 0.4/10 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
  • 30.2% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.7 homes(Jul 31, 2014) California
4 homes United States
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Nearby Cities

Name Median ZHVI
Leonardtown $327,800
Saint Inigoes $305,200
Callaway $302,800
Name Median ZHVI
Hollywood $291,700
Saint Leonard $290,900
Solomons $271,600
Name Median ZHVI
Lexington Park $244,300
Great Mills $223,100
Lusby $218,200

Listings & Sales

Data through Sep 30, 2014
  • $145 Median list price / sq ft
  • $140 Median sale price / sq ft (Jul 31, 2014)
  • 26.2% Listings with price cut
27.1%
Sold below listing
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California Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,612 California
    $1,630 Lexington Park Metro
    $1,335 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)
  • $1,325 Rent list price
  • $1.07 Rent list price / sq ft
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