Across 96 measured ZIP markets in California, the median ZIP home value is $911,968 and the median ZIP rent is $2,738. 14.6% of measured ZIP markets show softer conditions. 33.3% of measured ZIP markets show rising price-cut pressure.
Key stats
- 14.6% of measured ZIP markets show softer conditions.
- 33.3% of measured ZIP markets show rising price-cut pressure.
- The middle ZIP home value is +43.0% versus the tracked-market benchmark.
- Month over month, the median ZIP market moved +0.9% on inventory and +1.6% on buyer competition.
- The middle ZIP rent is +12.3% versus the tracked-market benchmark.
- Measured ZIP markets
- 96
- Median ZIP home value
- $911,968
- Median ZIP rent
- $2,738
- Median buyer competition
- 62
Price and rent across local markets
The middle ZIP home value is +43.0% versus the tracked-market benchmark. The middle ZIP rent is +12.3% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $789,231 to $1,295,281. The middle half of tracked ZIP rents runs from $2,477 to $3,077. Buyer competition across local ZIP markets runs from 58 at the 25th percentile to 65 at the 75th.
How broadly conditions are changing
14.6% of measured ZIP markets show softer conditions. 33.3% of measured ZIP markets show rising price-cut pressure. 7.3% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved +0.9% on inventory and +1.6% on buyer competition. 11.5% of measured ZIP markets show accelerating new-listing supply. 12.5% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is -6.3% versus the tracked-market benchmark.
Continue your market research
- Los Angeles County marketContinue from the regional view to a more specific local market.
Sources and method
- HomeMarketCap.com data sources: local housing-market datasets
- HomeMarketCap.com methodology: regional aggregation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.