California Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate


Clever Real Estate

October 1st, 2021
Updated October 1st, 2021


California real estate trends

Real estate trends in California | Sellers | Buyers | Investors | The best and worst of California | California resources

California real estate trends (October 2021)

How is the real estate market in California?
🏠 Average home value: $700,828
📈 2.58% home value increase month over month
💰 Median sale price: $765,000
⏳ 42 days on the market
🔑 Homes on the market: 46,633
📆 0.9 months of housing inventory
🏦 30-year mortgage rate: 2.92%
💵 Average income: 75235
State of the market: A-
California is a huge, desirable market, and home prices and sales volume reflect that. But as people continue to leave for more affordable markets, listing prices have started to sag as demand slackens.
*Data last updated October 2021

From Hollywood to Silicon Valley, California is home to some of the nation's most iconic and innovative industries. It's a popular destination for anyone who dreams of working in entertainment or technology.

But the Golden State isn't all glitz and glam — it's also a major agricultural region that produces much of the nation's almonds, strawberries, apricots, and more. Its Mediterranean climate provides comfortable temperatures year-round and nurtures the vineyards that supply Napa Valley's award-winning wineries.

Whether you're drawn to San Francisco's hills or San Diego's beaches, California offers endless opportunities for adventure.

If you're thinking of buying or selling in California, these California housing predictions and stats can help you make an informed decision.

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Selling a home in California

California real estate market forecast for sellers
⏰ Homes are selling 3 days faster than the annual average
💰 Homes are selling for $32,529 less than the annual average
💸 Average listing commission: 2.51%
💸 Average buyer's commission: 2.41%

How to sell a home in California

Cost to sell a home in California

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Buying a home in California

How much home you can buy with $300,000 in...
🏠 Los Angeles: 515 sq ft
🏡 San Diego: 597 sq ft
🏡 San Francisco: 443 sq ft
🏠 Riverside: 1,034 sq ft

Investing in California real estate

Best of California

Each month, we compare cities in California based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in California
1. Hanford-Corcoran
2. El Centro
3. Madera
4. Bakersfield
5. Visalia

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Worst of California

Each month, we compare cities in California based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in California
1. Santa Cruz-Watsonville
2. San Jose-Sunnyvale-Santa Clara
3. Los Angeles-Long Beach-Anaheim
4. Santa Rosa-Petaluma
5. San Francisco-Oakland-Berkeley

California resources

👋 Next Steps: Talk to an expert!

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Clever's analysis of state market trends is based on local data from Zillow,, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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