Across 96 measured ZIP markets in California, the median ZIP home value is $929,126 and the median ZIP rent is $2,710. 25.0% of measured ZIP markets show softer conditions. 41.7% of measured ZIP markets show rising price-cut pressure.
Key stats
- 25.0% of measured ZIP markets show softer conditions.
- 41.7% of measured ZIP markets show rising price-cut pressure.
- The middle ZIP home value is +42.4% versus the tracked-market benchmark.
- Month over month, the median ZIP market moved +1.3% on inventory and -3.2% on buyer competition.
- The middle ZIP rent is +11.4% versus the tracked-market benchmark.
- Measured ZIP markets
- 96
- Median ZIP home value
- $929,126
- Median ZIP rent
- $2,710
- Median buyer competition
- 60
Price and rent across local markets
The middle ZIP home value is +42.4% versus the tracked-market benchmark. The middle ZIP rent is +11.4% versus the tracked-market benchmark. The middle half of tracked ZIP home values runs from $805,523 to $1,320,077. The middle half of tracked ZIP rents runs from $2,463 to $3,044. Buyer competition across local ZIP markets runs from 56 at the 25th percentile to 63 at the 75th.
How broadly conditions are changing
25.0% of measured ZIP markets show softer conditions. 41.7% of measured ZIP markets show rising price-cut pressure. 10.4% of measured ZIP markets show a recent inventory spike. Month over month, the median ZIP market moved +1.3% on inventory and -3.2% on buyer competition. 11.5% of measured ZIP markets show accelerating new-listing supply. 9.4% of measured ZIP markets show accelerating pending demand. The share of softening ZIP markets here is -6.1% versus the tracked-market benchmark.
Continue your market research
- Los Angeles County 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