In a constantly evolving real estate landscape, homeowners and potential buyers alike seek to understanding the fluctuations in property values across the United States. As the housing market continues to be a focal point of economic discussions, GOBankingRates has released a comprehensive analysis to share the latest insights into the average home prices in every state. Using the Zillow Home Value Index for the August 2023 and August 2022 median home values for each state, gave a perspective on the year-over-year changes both in dollars and percentage.
(Keep in mind that home valuations from Zillow are not the same as official appraisals performed by licensed professionals.)
California Stats:
- August 2022 Median Home Value: $786,405.83
- August 2023 Median Home Value: $764,721.54
- Year-over-Year Percentage Change: -2.76%
If you’re a California homeowner curious about your home’s value, this research gives you a general idea of average home prices, but if you want to get the exact scoop on what your California home is really worth, talk to a licensed real estate pro. These experts know all the ins and outs of your unique market and can give you the most accurate estimate. In the world of real estate, their advice not only helps you see things clearly but also guides you in making wise choices when it comes to your home.