California started 2025 with a total of 36,192 single-family homes on the market, with a median home price of $726,430 and an average price per square foot of $564.06. By the end of the year, inventory had increased to 41,192 homes on the market (+14%), with a median home price of $725,000 (0%), and an average price per square foot of $558 (-1%).
At the start of 2025, the median days on market (DOM) was 77 days – by the end of the year, median DOM had decreased to 77 days.
California started the year with 29.24% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 31.53% of homes for sale had taken a price cut.
Market Update for June 8, 2026
