Graph and download economic data for All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q1 2025 about appraisers, CA, HPI, housing, price index, indexes, price, and USA.

The median house price of residential real estate in California has increased notably since 2012. After a brief correction in property prices in 2022, the median price reached ******* U.S. dollars in December 2023.

Existing single family homes in California have been selling faster than ever in the past year. As of March 2022, the median time between a new listing and a purchase in the major counties in California was below 15 days, whereas in August 2019, it was between 12 and 33 days. The robust demand for properties in California has led to substantial house price growth in almost all counties in California in the past year.

Graph and download economic data for Housing Inventory: Median Listing Price Year-Over-Year in California (MEDLISPRIYYCA) from Jul 2017 to Jun 2025 about CA, listing, median, price, and USA.

All-Transactions House Price Index for California was 967.68000 Index 1980 Q1=100 in January of 2025, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for California reached a record high of 967.81000 in October of 2024 and a record low of 41.67000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for California - last updated from the United States Federal Reserve on July of 2025.

All Employees: Real Estate in California was 239.20000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, All Employees: Real Estate in California reached a record high of 240.70000 in January of 2022 and a record low of 165.70000 in January of 1995. Trading Economics provides the current actual value, an historical data chart and related indicators for All Employees: Real Estate in California - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for All-Transactions House Price Index for Orange County, CA (ATNHPIUS06059A) from 1975 to 2024 about Orange County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

In October 2024, the median sales price of an existing single-family home in Del Norte, California saw an increase of nearly 30 percent, compared to the 5.8 percent increase in the state. 20 counties saw prices fall during this period. In Trinity, the median sales price of single-family homes decreased by approximately 36 percent.

All Employees: Lessors of Real Estate in California was 65.40000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, All Employees: Lessors of Real Estate in California reached a record high of 75.60000 in January of 1991 and a record low of 58.40000 in January of 2011. Trading Economics provides the current actual value, an historical data chart and related indicators for All Employees: Lessors of Real Estate in California - last updated from the United States Federal Reserve on June of 2025.

The number of homes sold in California declined for the second year in a row in 2023, reaching roughly *******. The most homes were sold in 2021, amounting to over ******* transactions. Despite the slowdown of the market, the median home price in California peaked in 2023.

Graph and download economic data for All-Transactions House Price Index for San Diego-Chula Vista-Carlsbad, CA (MSA) (ATNHPIUS41740Q) from Q4 1975 to Q1 2025 about San Diego, appraisers, CA, HPI, housing, price index, indexes, price, and USA.

Context This dataset is a record of every building or building unit (apartment, etc.) sold in the California property market along with the customer data.

Content Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.

Inspiration

What can you discover about California real estate by looking at a year's worth of raw transaction records? Can you spot trends in the market, or build a model that predicts sale value in the future?

The Statewide Property Inventory (SPI) is a detailed inventory of the State's real property assets including land, structures/improvements, leased space and State-owned space leased to others. This website provides summary-level information from the SPI.Included in the information provided are properties which have been declared surplus by the California State Legislature. Some of these properties are currently for sale by the Department of General Services.The Department of General Services - Real Estate Services Division makes every effort to ensure the accuracy and completeness of the information presented, but disclaims liability for omissions or errors in the contents of this data set.Original AGOL Item owned by DGS is located here.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

VITAL SIGNS INDICATOR
Home Prices (EC7)

FULL MEASURE NAME
Home Prices

LAST UPDATED
December 2022

DESCRIPTION
Home prices refer to the cost of purchasing one’s own house or condominium. While a significant share of residents may choose to rent, home prices represent a primary driver of housing affordability in a given region, county or city.

DATA SOURCE
Zillow: Zillow Home Value Index (ZHVI) - http://www.zillow.com/research/data/
2000-2021

California Department of Finance: E-4 Historical Population Estimates for Cities, Counties, and the State - https://dof.ca.gov/forecasting/demographics/estimates/
2000-2021

US Census Population and Housing Unit Estimates - https://www.census.gov/programs-surveys/popest.html
2000-2021

Bureau of Labor Statistics: Consumer Price Index - http://data.bls.gov
2000-2021

US Census ZIP Code Tabulation Areas (ZCTAs) - https://www.census.gov/programs-surveys/geography/guidance/geo-areas/zctas.html
2020 Census Blocks

CONTACT INFORMATION
vitalsigns.info@bayareametro.gov

METHODOLOGY NOTES (across all datasets for this indicator)
Housing price estimates at the regional-, county-, city- and zip code-level come from analysis of individual home sales by Zillow based upon transaction records. Zillow Home Value Index (ZHVI) is a smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range. ZHVI is computed from public record transaction data as reported by counties. All standard real estate transactions are included in this metric, including REO sales and auctions. Zillow makes a substantial effort to remove transactions not typically considered a standard sale. Examples of these include bank takeovers of foreclosed properties, title transfers after a death or divorce and non arms-length transactions. Zillow defines all homes as single-family residential, condominium and co-operative homes with a county record. Single-family residences are detached, which means the home is an individual structure with its own lot. Condominiums are units that can be owned in a multi-unit complex, such as an apartment building. Co-operative homes are slightly different from condominiums in that the homeowners own shares in the corporation that owns the building, not the actual units themselves.

For metropolitan area comparison values, the Bay Area metro area’s median home sale price is the population-weighted average of the nine counties’ median home prices. Data is adjusted for inflation using Bureau of Labor Statistics metropolitan statistical area (MSA)-specific series. Inflation-adjusted data are presented to illustrate how home prices have grown relative to overall price increases; that said, the use of the Consumer Price Index (CPI) does create some challenges given the fact that housing represents a major chunk of consumer goods bundle used to calculate CPI. This reflects a methodological tradeoff between precision and accuracy and is a common concern when working with any commodity that is a major component of the CPI itself.

All Employees: Real Estate and Rental and Leasing in California was 306.60000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, All Employees: Real Estate and Rental and Leasing in California reached a record high of 306.60000 in January of 2024 and a record low of 237.40000 in January of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for All Employees: Real Estate and Rental and Leasing in California - last updated from the United States Federal Reserve on July of 2025.

The median house prices in the most expensive zip codes in California reached as high as *** million U.S dollars. Atherton (94027), had the most expensive median house price, followed by Santa Barbara (93108), and Beverly Hills (90210). Six of the ranked zip codes were among the top ten most expensive zip codes in the United States in 2023.

The San Francisco Bay Area was the only area where single-family homes sold above the list price in October 2024. In that month, buyers paid on average one percent above the list price for single-family houses. Condos, on the other hand, sold for 100 percent of the list price. As a result of the robust demand for California properties, property prices increased in the past year.

Codebooks for analyzing property (house, condo, flat, etc.) listing data for each of the 10 select regions in the bay area megaregion of California, USA (SAN JOSE, MODESTO, FRESNO, TURLOCK, LIVINGSTON, ATWATER, MERCED, MADERA, MARIPOSA, OAKHURST) were obtained from Zillow Inc. on a monthly basis between March 2018 and May 2019 (denoted as the period before 2020) and May 2020 and September 2021 (after 2020). Combined, the total number of observations (unique listed properties) is N = 57,414. For each month, we obtained a set of unique listing identifiers (ZPID) by manually scanning across the entire Zillow.com directory for a given region and property type ("For Sale" and "Rent"). Read the enclosed document DataDryad_DataDescription_Petersen_Zillow.pdf for a description of the data and output of provided supporting code. Contact the corresponding author for the raw property-level data files, which are anonymized [property address and property identifier (ZPID) fields].

As of March 2022, the largest share of active single family listings in California was with a list price of ******* to ******* U.S. dollars. Approximately ***** houses fell in this price band, while the number of properties valued at under ******* U.S. dollars amounted to ***. The fourth quarter of 2021, about ****** home sales exceeded one million U.S. dollars.