Home ValuePros

US housing market report · August 2026

The state of the California housing market.

Median home value and city-by-city trends across California, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

California median value

$695K

Zillow ZHVI, August 2026

Cities covered

189

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through August 2026

Where are California home values headed?

Current typical value

$694,777

Zillow ZHVI median, August 2026

Past 12 months

+0.4%

change in the median

12 months out

$697,000

if the recent trend continues

Trend projection from the past 12 months, not a prediction. Actual values depend on mortgage rates, inventory, and local conditions.

Where values are climbing

Fastest appreciating California cities

  1. 1San Francisco
    $1.39MUp13.4%
  2. 2Newport Beach
    $3.95MUp13.1%
  3. 3Manhattan Beach
    $3.29MUp9.8%
  4. 4Corte Madera
    $1.85MUp9.5%
  5. 5Menlo Park
    $2.9MUp9.2%
  6. 6Larkspur
    $2.16MUp8.4%
  7. 7Los Altos
    $4.76MUp7.8%
  8. 8San Carlos
    $2.43MUp7.4%
  9. 9Mountain View
    $2.2MUp7.4%
  10. 10Berkeley
    $1.3MUp6.7%

Where the market is cooling

Fastest cooling California cities

  1. 1Pacific Palisades
    $2.87MDown8.2%
  2. 2Altadena
    $1.13MDown7.4%
  3. 3Tracy
    $800KDown6.5%
  4. 4Hayward
    $843KDown4.0%
  5. 5Lathrop
    $627KDown3.9%
  6. 6Pleasanton
    $1.51MDown3.7%
  7. 7San Ramon
    $1.5MDown3.5%
  8. 8Manteca
    $576KDown3.4%
  9. 9Livermore
    $1.08MDown2.9%
  10. 10Vallejo
    $542KDown2.7%

Priciest markets in the state

Most expensive California cities by median value

  1. 1Los Altos
    $4.76M
  2. 2Rancho Santa Fe
    $4.06M
  3. 3Newport Beach
    $3.95M
  4. 4Saratoga
    $3.94M
  5. 5Manhattan Beach
    $3.29M
  6. 6Palo Alto
    $3.26M
  7. 7Malibu
    $3.17M
  8. 8Laguna Beach
    $3.06M
  9. 9Cupertino
    $2.97M
  10. 10Menlo Park
    $2.9M

Common questions

What people ask us.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in California, as of August 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the California market index.