Median Sale Price
$831,600
+2.0% year-over-year
# of Homes Sold
24,430
+9.2% year-over-year
Median Days on Market
47
+11 year-over-year
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October
27
27
California Housing Market Overview
California Housing Market Overview
What is the housing market like right now?
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in the United States is currently $831,600.
Location
Data
Sep 2025
Growth
% YoY
California
$831,600
+2.0%
Top 10 Metros in California with the Fastest Growing Sales Price
- Banning, CA19.0%
- Santa Monica, CA18.7%
- El Dorado Hills, CA14.1%
Work with the best agents in your neighborhood
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California Housing Supply
Are there enough homes for sale to meet buyer demand?
# of Homes for Sale
114,286
+10.8% year-over-year
# of Newly Listed Homes
29,754
-4.6% year-over-year
Months of Supply
3
0 year-over-year
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
The direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. There are currently 114,286 residential homes for sale in the United States.
Location
Data
Sep 2025
Growth
% YoY
California
114,286
+10.8%
California Housing Demand
How competitive is the market?
Homes Sold Above List Price
33.2%
-7.9 pt year-over-year
Homes with Price Drops
26.9%
+3.4 pt year-over-year
Sale-to-List Price
99.4%
-0.75 pt year-over-year
Based on Redfin calculations of home data from MLS and/or public records.
What does this mean?
Homes that sold above list price likely received multiple offers. A high or growing percentage of homes selling above list price indicates that the housing market is competitive and bidding wars are becoming more common. A low or shrinking percentage of homes selling above list price suggests that the market is becoming less competitive.
Location
Data
Sep 2025
Growth
% YoY
California
33.2%
-7.9 pt
Top 10 Most Competitive Cities in California
U.S. Migration Trends
Where are people moving to and from?
Nationwide, 29% of homebuyers searched to move to a different metro area between Jun '25 - Aug '25. The top 5 states homebuyers searched to move to were Florida, Arizona, North Carolina, Tennessee, and South Carolina while California, New York, Illinois, Maryland, and Washington were the top 5 states homebuyers searched to move from.
Of all the major U.S. metros, Sacramento was the most searched for destination among homebuyers looking to relocate between Jun '25 - Aug '25. Next came Phoenix, Salisbury, Sarasota, and Cape Coral. Los Angeles was the most searched for destination among homebuyers looking to leave, followed by New York, Washington, San Francisco and Seattle.
Moving to
Moving from
Data Unavailable
Top 10 areas people are moving to
| Inbound | Net inflow
|
||
|---|---|---|---|
| Metros |
Jun '25 - Aug '25
|
||
| 1 |
10,800
|
||
| 2 |
5,500
|
||
| 3 |
5,100
|
||
| 4 |
4,800
|
||
| 5 |
4,800
|
||
| 6 |
4,600
|
||
| 7 |
4,300
|
||
| 8 |
4,000
|
||
| 9 |
4,000
|
||
| 10 |
3,600
|
||
Top 10 areas people are moving from
| Outbound | Net outflow
|
||
|---|---|---|---|
| Metros |
Jun '25 - Aug '25
|
||
| 1 |
36,800
|
||
| 2 |
30,300
|
||
| 3 |
21,700
|
||
| 4 |
20,400
|
||
| 5 |
20,300
|
||
| 6 |
15,900
|
||
| 7 |
4,700
|
||
| 8 |
4,600
|
||
| 9 |
4,100
|
||
| 10 |
3,800
|
||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Article belongs to redfin