California Housing Market
Cool MarketHousing market data and trends for California. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$780K
↓ 0.8% YoY
Days on Market
60 days
↑ 11.1% YoY
Active Inventory
60,543
↓ 6.6% YoY
Homes Sold
15,683
↓ 5.5% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
California Market Summary
The California housing market is cooling down. As of January 2026, the median home sale price is $780K, down 0.8% year-over-year. Homes are spending a median of 60 days on the market, 11.1% longer than a year ago.
There are 60,543 homes for sale — 6.6% fewer than last year. With 3.9 months of supply, this is a seller's market. 27,717 new listings were added during this period, down 9.2% year-over-year.
Homes are selling for 98.8% of their list price on average, suggesting room for negotiation. 29.7% of homes sell above their asking price. 21.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
68
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 84% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
California Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$840K
Price per Sq Ft
$492
Sale-to-List Ratio
98.8%
Months of Supply
3.9
Sold Above List
29.7%
Price Drops
21.1%
New Listings
27,717
↓ 9.2% YoY
Pending Sales
21,387
Metro Areas in California
Los Angeles, CA metro area
$880K median
69 days
on market
Riverside, CA metro area
$575K median
70 days
on market
San Diego, CA metro area
$900K median
46 days
on market
Sacramento, CA metro area
$565K median
56 days
on market
Anaheim, CA metro area
$1.19M median
61 days
on market
Oakland, CA metro area
$835K median
47 days
on market
San Jose, CA metro area
$1.40M median
33 days
on market
Bakersfield, CA metro area
$380K median
58 days
on market
San Francisco, CA metro area
$1.39M median
38 days
on market
Fresno, CA metro area
$427K median
64 days
on market
Oxnard, CA metro area
$857K median
67 days
on market
Stockton, CA metro area
$520K median
54 days
on market
Modesto, CA metro area
$479K median
35 days
on market
Vallejo, CA metro area
$539K median
62 days
on market
Santa Rosa, CA metro area
$771K median
71 days
on market
Visalia, CA metro area
$370K median
42 days
on market
Santa Maria, CA metro area
$1.03M median
62 days
on market
San Luis Obispo, CA metro area
$870K median
68 days
on market
Redding, CA metro area
$389K median
56 days
on market
Salinas, CA metro area
$925K median
42 days
on market
Chico, CA metro area
$383K median
50 days
on market
Merced, CA metro area
$425K median
40 days
on market
San Rafael, CA metro area
$1.29M median
64 days
on market
Truckee, CA metro area
$600K median
96 days
on market
Eureka, CA metro area
$384K median
41 days
on market
Santa Cruz, CA metro area
$1.05M median
62 days
on market
Yuba City, CA metro area
$450K median
64 days
on market
Hanford, CA metro area
$377K median
53 days
on market
Madera, CA metro area
$407K median
74 days
on market
Sonora, CA metro area
$400K median
99 days
on market
Napa, CA metro area
$1.00M median
118 days
on market
Ukiah, CA metro area
$520K median
141 days
on market
Red Bluff, CA metro area
$357K median
91 days
on market
Clearlake, CA metro area
$315K median
109 days
on market
Susanville, CA metro area
$225K median
152 days
on market
El Centro, CA metro area
$401K median
41 days
on market
Crescent City, CA metro area
$462K median
89 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.