California Listing Prices Ease From Their Peak

We've seen California’s statewide median listing price settle at $725K in Late-Q3, marking a ~3% dip from last year. Sellers are clearly adjusting their expectations after the recent period of higher pricing. When you look at it per square foot, the median listing price sits at $456—about 1% softer than a year ago—which really underscores this statewide pricing reset. Markets such as Oakland, Hayward, Sacramento, Stockton, San Francisco, San Diego, and LA are all showing notable declines in single-family home prices, while condo markets in Oakland, Hayward, Contra Costa County, Fremont, and San Mateo County are following a similar trend. The bigger takeaway: both asking and closed-sale prices are easing, helping the market move toward more realistic seller expectations and clearer price discovery. As someone who’s always looking for innovative ways to represent properties and help clients navigate these shifts, I see this as an opportunity for buyers and sellers alike to find value in a more transparent market.