8 Places in California Where Home Prices Have Plummeted – February 2023

Note: This story was originally posted by gobankingrates.com by JakeArky on February 28, 2023.

California Market Update

California is one of the states in the U.S. where dreams really do come true. From the majestic sceneries up and down the coastline to the variety of fresh foods and the industries of Silicon Valley and Hollywood, California truly has it all. And it’s going to cost you to live there.

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In case you haven’t been to the Golden State in a while or checked home prices, one thing to know before you decide to move there is that it’s expensive. Not only are essentials like gas and food more pricey, but real estate is at the top of the market.

Has your California dream turned into a nightmare? Fear not, because GOBankingRates is breaking down the eight cities in California where home prices have gone down drastically and where you could perhaps purchase your home in the West Coast state that has it all.

Los Angeles

  • Sept. Median Sale Price: $901,333
  • 3-month change in price: minus-$63,667
  • 3-month change in price: minus-7.06%

Lights! Camera! Los Angeles! The City of Angels is one of the most iconic cities in the world. With housing prices dropping, it’s more affordable to live in Los Angeles and make your dreams of fame and stardom come true.

But it’s not just Hollywood glitz and glamour that Los Angeles has to offer. If you are a foodie or just someone who likes a good meal, LA is home to some of the best and most diverse cuisine from around the world.

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