Home ValuePros

US housing market report · July 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

$702K

Zillow ZHVI, July 2026

Cities covered

180

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through July 2026

Where are California home values headed?

Current typical value

$702,086

Zillow ZHVI median, July 2026

Past 12 months

-0.2%

change in the median

12 months out

$702,000

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. 1Newport Beach
    $3.99MUp13.4%
  2. 2San Francisco
    $1.39MUp11.5%
  3. 3Manhattan Beach
    $3.32MUp9.6%
  4. 4Corte Madera
    $1.88MUp8.2%
  5. 5Menlo Park
    $2.93MUp7.6%
  6. 6Larkspur
    $2.21MUp7.6%
  7. 7Los Altos
    $4.85MUp6.7%
  8. 8Mountain View
    $2.23MUp6.5%
  9. 9San Carlos
    $2.46MUp6.1%
  10. 10Costa Mesa
    $1.42MUp6.0%

Where the market is cooling

Fastest cooling California cities

  1. 1Pacific Palisades
    $2.94MDown10.0%
  2. 2Altadena
    $1.12MDown9.5%
  3. 3Tracy
    $817KDown5.2%
  4. 4Hayward
    $855KDown5.2%
  5. 5Pleasanton
    $1.53MDown5.0%
  6. 6San Ramon
    $1.53MDown4.5%
  7. 7Lathrop
    $633KDown4.3%
  8. 8Livermore
    $1.1MDown4.0%
  9. 9Manteca
    $581KDown3.9%
  10. 10Vallejo
    $548KDown3.4%

Priciest markets in the state

Most expensive California cities by median value

  1. 1Los Altos
    $4.85M
  2. 2Rancho Santa Fe
    $4.1M
  3. 3Saratoga
    $4.03M
  4. 4Newport Beach
    $3.99M
  5. 5Manhattan Beach
    $3.32M
  6. 6Palo Alto
    $3.3M
  7. 7Malibu
    $3.23M
  8. 8Laguna Beach
    $3.13M
  9. 9Cupertino
    $3.01M
  10. 10Pacific Palisades
    $2.94M

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 July 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.