Invest In Real Estate California

The average California home value is around $750,000, according to Zillow. But depending on the area where you want to live, a home might cost a lot less, or a lot more.

With its beautiful year-round weather and diverse landscape, California has long been a destination for homebuyers interested in the West Coast lifestyle. The average value of a home in California is $750,709, up 4.4% from a year ago, according to Zillow.

After a 22.2% decline in home sales in 2023, the California Association of Realtors (CAR) expects a rebound in the housing market, with five California metro areas forecasted to see double-digit year-over-year sales growth in 2024.

Two of these markets are pricier metropolitan statistical areas: Oxnard-Thousand Oaks-Ventura, with a median home price of $834,967, and San Diego-Chula Vista-Carlsbad, with a median home price of $902,199. But it also includes more modestly-priced markets like Bakersfield, with a median home price of approximately $376,000, Sacramento, with a median home price of nearly $466,000, and Riverside-San Bernardino-Ontario, with a home value of approximately $563,000, according to Zillow.

In 2024, CAR analysts are expecting sales to decline in two metro areas, San Jose-Sunnyvale-Santa Clara, with a median home price of about $1.493 million, and Fresno, with a median home price shy of $368,000, according to Zillow.

CAR also points out that California’s top markets tend to be more sensitive to mortgage rates than many other parts of the nation because less than a third of “homeowners” actually own their homes outright and, instead, owe money to a bank or lender.

No matter what budget you have and where you’re looking to buy, it’s important to find the right real estate company to help you with your home search. Here are some of the top real estate firms in California, by sales volume according to RealTrends agent ranking service.