I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in California
💡 Key California housing market facts
Data Point | Value | Rank | Compared to National Avg |
Typical Home Value | $773,263[1] | #2 of 50 states | 112% higher |
Median Listing Price | $715,000[2] | #3 of 50 states | 67.7% higher |
Median Sale Price | $824,000[3] | #2 of 50 states | 100.6% higher |
30 Year Mortgage Rate | 7.00%[4] | #24 of 50 states | 0.3% higher |
Median Days on Market | 65[5] | #14 of 50 states | 7.9% shorter |
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🗺️ Buying a house in the California real estate market
California has an affordability score of 10.5, meaning it takes 10.5 years of the median household income ($78,672) to afford California's median home sale price ($824,000). Because of this, we rank California as the 2nd least affordable state for buyers based strictly on prices compared to income.
Data Point | Value | Rank | Compared to National Avg |
Median Sale Price | $824,000[6] | #2 of 50 states | 100.6% higher |
30 Year Mortgage Rate | 7.00%[7] | #24 of 50 states | 0.3% higher |
Median Household Income | $78,672[8] | #6 of 50 states | 21.9% higher |
Affordability Ratio | 10.5 | #49 of 50 states | 66.9% higher |
Buyers Agent Commission | 2.45%[9] | #10 of 50 states | 3.5% lower |
Resources for California home buyers
Preparing to buy in California
California home buying costs
🗺️ Selling a house in the California real estate market
According to our detailed survey of California real estate agents, listing agents (those representing the seller) charge an average commission in California of 2.54%, which is the 7th lowest in the United States. Buyers' agents charge an average commission of 2.45%, which is the 10th lowest in the United States.
Data Point | Value | Rank | Compared to National Avg |
Median Listing Price | $715,000[10] | #3 of 50 states | 67.7% higher |
Median Sale Price | $824,000[11] | #2 of 50 states | 100.6% higher |
Median Days on Market | 65[12] | #14 of 50 states | 7.9% shorter |
Buyer's Agent Commission | 2.45%[13] | #10 of 50 states | 3.5% lower |
Listing Agent Commission | 2.54%[14] | #7 of 50 states | 6.7% lower |
Resources for California home sellers
Preparing to sell in California
- Selling a House in California: Everything You Need to Know
- Average Time to Sell a House in California
- When Is the Best Time to Sell a Home in Los Angeles?
- Top Real Estate Agents in California
California home selling costs and requirements
Moving to California
According to our recent moving trends survey[15], California is the 1st most desirable state to move to, with 32% of Americans indicating that they would choose to move there if money were no object. Likewise, 20% of survey respondents indicated that they would move to Los Angeles among a choice of America's largest cities, and 19% indicated that they would move to San Francisco. Among medium-sized cities, 12% indicated that they would move to Bakersfield, and 10% indicated that they would move to Fresno.
Here's how California cities rank in a number of our research studies.
Study | Best California city | Rank |
Best Pizza Cities[16] | San Diego | 5th best |
Best Coffee Cities[17] | San Jose | 2nd best |
Best LGBTQ Cities[18] | San Francisco | best |
Best Bike Cities[19] | San Francisco | 2nd best |
Best Commuter Cities[20] | San Jose | 18th best |