Home ValuePros

US housing market report · June 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

$705K

Zillow ZHVI, June 2026

Cities covered

96

with published pages

Report video

Monthly

per city, on each hub

12-month outlook · data through June 2026

Where are California home values headed?

Current typical value

$705,456

Zillow ZHVI median, June 2026

Past 12 months

-0.2%

change in the median

12 months out

$710,000

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
    $4.02MUp12.7%
  2. 2San Francisco
    $1.37MUp10.0%
  3. 3Los Altos
    $4.86MUp5.4%
  4. 4Mountain View
    $2.24MUp5.3%
  5. 5Beverly Hills
    $2.42MUp5.0%
  6. 6Huntington Beach
    $1.4MUp4.9%
  7. 7Laguna Niguel
    $1.5MUp3.9%
  8. 8Santa Cruz
    $1.35MUp3.6%
  9. 9Garden Grove
    $990KUp3.5%
  10. 10Palo Alto
    $3.31MUp3.2%

Where the market is cooling

Fastest cooling California cities

  1. 1Pleasanton
    $1.55MDown6.3%
  2. 2Hayward
    $868KDown6.1%
  3. 3San Ramon
    $1.55MDown5.4%
  4. 4Tracy
    $833KDown5.3%
  5. 5Livermore
    $1.12MDown4.9%
  6. 6Oakland
    $669KDown4.7%
  7. 7Manteca
    $586KDown4.3%
  8. 8Vallejo
    $551KDown4.1%
  9. 9Los Angeles
    $873KDown4.0%
  10. 10San Leandro
    $807KDown3.4%

Priciest markets in the state

Most expensive California cities by median value

  1. 1Los Altos
    $4.86M
  2. 2Newport Beach
    $4.02M
  3. 3Palo Alto
    $3.31M
  4. 4Cupertino
    $3.06M
  5. 5Los Gatos
    $2.6M
  6. 6Beverly Hills
    $2.42M
  7. 7Mountain View
    $2.24M
  8. 8Redwood City
    $1.9M
  9. 9Santa Barbara
    $1.9M
  10. 10Encinitas
    $1.89M

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 June 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.