California
Local Housing Market · Zillow ZHVI · March 2026
$774,582
Typical Home Value
▼ 1.4% YoY ▼ 0.09% MoM
6.37%
30Y Mortgage Rate
PMMS · May 07, 2026
44bps
YoY Rate Change
▼ Lower than 1yr ago
199bps
30Y/10Y Spread
Norm ~170bps
🏘 California Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$774,582
▼ 1.4% YoY
Month-over-Month
▼ 0.09% MoM
March 2026
Data Period
March 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
6.37%
PMMS · May 07, 2026
15Y Fixed
5.72%
PMMS · May 07, 2026
1yr Ago 30Y
6.81%
▼ Rates lower now
30Y/10Y Spread
199bps
Tight · norm ~170bps
Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly
📋 Realtor.com Market Data · California
Market Indicators
REALTOR.COM🏦 LO Market Signal · April 2026
• Inventory is up 1.1% YoY and listing prices are softening 2.3% YoY with 14.5% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 44 days — a moderate-paced market. Pending ratio is 0.44 — moderate demand, purchase timelines are manageable.
• New listings are declining 4.6% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$749,450
▼ 2.3% YoY
Median Days on Market
44d
0d YoY
Active Listings
65,685
▲ 1.1% YoY
New Listings
35,900
▼ 4.6% YoY
Price Reduced Share
14.5%
of active listings
Pending Ratio
0.44
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in California
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · April 2026
Santa Cruz-Watsonville
▼ COOLING
National rank #64
Median Price
$1,199,500
Median DOM
33d
Demand score 56/100
Santa Rosa-Petaluma
▼ COOLING
National rank #70
Median Price
$999,496
Median DOM
37d
Demand score 61/100
Sacramento-Roseville-Folsom
▼ COOLING
National rank #73
Median Price
$628,520
Median DOM
38d
Demand score 62/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply