California Real Estate Market in 2021: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

July 16th, 2021
Updated July 16th, 2021

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California real estate trends

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

California real estate trends (July 2021)

How is the real estate market in California?
🏠 Average home value: $682,099
📈 2.47% home value increase month over month
💰 Median sale price: $765,000
⏳ 45 days on the market
🔑 Homes on the market: 40,858
📆 0.7 months of housing inventory
🏦 30-year mortgage rate: 2.87%
💵 Average income: $75,235
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 July 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.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in California

California real estate market forecast for sellers
⏰ Homes are selling 10 days faster than the annual average
💰 Homes are selling for $15,462 more 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: 505 sq ft
🏡 San Diego: 598 sq ft
🏡 San Francisco: 439 sq ft
🏠 Riverside: 1,061 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!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, 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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