23 California Cities where prices are actually dropping

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23 Housing Markets Where Prices Have Fallen

So, which California cities are experiencing a drop in home prices? We’ve mentioned a few of them above. But that’s just the tip of the iceberg.

The list below is based on data provided by Zillow in late September 2019. The percentage beside each city shows how the median home value changed over the previous 12 months. That’s according to the company’s proprietary “Home Value Index.” Bolding indicates cities where home prices have dropped by double digits in the past year.

Year-over-year price drops in California housing markets:

1. Berkeley: -3.0%

2. Concord: -1.9%

3. Cupertino: -11.5%

4. Fremont: -3.4%

5. Gilroy: -7.9%

6. Hayward: -2.4%

7. Healdsburg: -6.6%

8. Irvine: -1.9%

9. Los Altos: -11.6%

10. Martinez: -1.7%

11. Mendocino: -8.4%

12. Milpitas: -10.7%

13. Mountain View: -8.9%

14. Palo Alto: -12.3%

15. Pleasanton: -4.9%

16. Redwood City: -5.3%

17. San Jose: -9.3%

18. Santa Barbara: -3.1%

19. Santa Clara: -13.2%

20. Santa Rosa: -1.4%

21. Saratoga: -11.9%

22. Sunnyvale: -14.5%

23. Walnut Creek: -1.0%

Statewide, Values Are Still Climbing

To be clear: These are not the only California cities where home prices are dropping in fall 2019. There are others as well. But it does give you a sense of what is happening across the state.

It’s also important to point out that prices are still climbing in most cities across the state. The housing markets above are an exception to that overall trend.