California
Local Housing Market · Zillow ZHVI · September 2026
$761,538
Typical Home Value
▲ 0.6% YoY ▲ 0.18% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 California Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$761,538
▲ 0.6% YoY
Month-over-Month
▲ 0.18% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · 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 · September 2026
• Inventory is up 0.6% YoY and listing prices are softening 3.1% YoY with 18.6% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.
• Homes are selling in a median 55 days — a slower market. Pending ratio is 0.36 — moderate demand, purchase timelines are manageable.
• New listings are roughly flat 1.1% YoY. Seller activity is stable.
Median Listing Price
$725,000
▼ 3.1% YoY
Median Days on Market
55d
0d YoY
Active Listings
74,607
▲ 0.6% YoY
New Listings
30,094
▼ 1.1% YoY
Price Reduced Share
18.6%
of active listings
Pending Ratio
0.36
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) · September 2026
Modesto
▼ COOLING
National rank #81
Median Price
$510,450
Median DOM
45d
Demand score 62/100
San Francisco-Oakland-Fremont
▼ COOLING
National rank #84
Median Price
$911,375
Median DOM
38d
Demand score 46/100
Vallejo
▼ COOLING
National rank #105
Median Price
$585,000
Median DOM
44d
Demand score 45/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply