The California housing market is a buyer's market, scoring 41 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 54,348 homes for sale and 4.3 months of supply. Homes in California sold for a median of $859,692, down 1.7% from the prior month, or $558 per square foot. The typical home goes under contract in 52 days, sales close at 100.0% of asking price and 37.6% of homes sell above list. 26.7% of active California listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-08-25 and are based on 12,782 recorded sales and 54,348 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 920 Canon Rd, Santa Barbara | 4/3,852 | $4,600,000 | 2026-08-25 |
| 23086 Espada Dr, Salinas | 4/2,364 | $1,650,000 | 2026-08-25 |
| 2 Churchill Cir, Salinas | 3/1,437 | $850,000 | 2026-08-25 |
| 241 Soledad Dr, Monterey | 3/1,788 | $1,292,500 | 2026-08-25 |
| 90 Braemoor Dr, Santa Cruz | —/— | $339,000 | 2026-08-25 |
| 1547 Phillips St, San Luis Obispo | 2/700 | $861,000 | 2026-08-25 |
| 4375 Rustic Way, San Luis Obispo | 4/2,300 | $2,225,000 | 2026-08-25 |
| 102 N Milpas St, Santa Barbara | 3/1,468 | $1,300,000 | 2026-08-25 |
California is currently a buyer's market, at 41 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 4.3 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in California sold for $859,692 over the last 30 days. That is down 1.7% from the month before.
Homes in California take a median of 52 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 52 days is worth a second look on price.
Homes in California close at a median of 100.0% of their asking price, and 37.6% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 54,348 homes actively for sale in California, about 4.3 months of supply at the current sales pace.