California Home Prices & Values

$245,300 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

  • -2.9% 1-year change
  • No data 1-year forecast

The median home value in California is $245,300. California home values have declined -2.9% over the past year. The median list price per square foot in California is $142, which is lower than the Lexington Park Metro average of $144. The median price of homes currently listed in California is $229,900 while the median price of homes that sold is $270,000. The median rent price in California is $1,230, 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 2.6 homes are foreclosed (per 10,000). This is lower than the national value of 4.4

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 Jul 31, 2014
  • $245,300 ZHVI
  • No data 1-yr forecast
  • $229,900 Median listing price
  • $270,000 Median sale price (Jun 30, 2014)
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California Market Health

Data through Jul 31, 2014
  • 2.4/10 Less 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 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)

2.6 homes California
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Leonardtown $325,500 Callaway $298,500 Saint Inigoes $298,200
Hollywood $288,900 Saint Leonard $287,800 Solomons $266,000
Lexington Park $245,300 Great Mills $221,300 Lusby $215,600

Listings & Sales

Data through Jul 31, 2014
  • $142 Median list price / sq ft
  • $144 Median sale price / sq ft (Jun 30, 2014)
  • 26.1% Listings with price cut
21.2%
Sold below listing
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California Rentals

Data through Jul 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
$1,600 California
$1,605 Lexington Park Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,230 Rent list price
  • $1.12 Rent list price / sq ft
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