Home Prices Dropping In These 5 CA Counties: Report

CALIFORNIA — Detached home values have dropped over the past several years in five California counties, according to personal finance website GOBankingRates.

“If you’re thinking of buying property in one of these areas, this could be good and bad news,” the website reported. “You’ll likely get a better price than you would’ve a few years ago, but you could end up losing money if property values continue to decline and you need to sell.”

GOBankingRates used data from the California Association of Realtors and the U.S. Census to determine declining markets.

One county, rural east-central Mono County, has seen median home prices drop over the last decade, from $625,000 in December 2014 to $600,000 in December 2024, according to GOBankingRates.

Median home prices have declined in the last three years — from December 2021 to December 2024 — in four other counties, the website reported, with the most populous by far being San Francisco County, where the median price dropped from $1.7 million to $1.5 million.

The following counties also saw a decline in median price:

Lassen County

• December 2021: $292,000
• December 2024: $237,000

Mendocino County

• 2021: $564,950
• 2024: $507,500

Shasta County

• 2021: $371,000
• 2024: $355,000

Read more from GOBankingRates.