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California has 11 of the most expensive housing markets in the US. Here you can see how much houses cost

California is home to some of the most expensive housing markets in the country, a new housing study shows.

A total of 11 California cities made it onto a list of the 100 largest housing markets in the United States compiled by Florida Atlantic University.

Each month, the university uses data from Zillow and other sources to rank the cities’ housing markets as overpriced or overpriced based on the average home value compared to the expected price.

Atlanta topped the Beracha and Johnson Housing Market Ranking in April with an average home premium of 41.3%. This means that homes in the Georgia city are selling for 41.3% above price.

Detroit took second place with a home premium of 40.8%, followed by Cape Coral, Florida, in third place with a home premium of 37.6%.

Only one city in California reached the top 20 of the Beracha and Johnson Housing Market Ranking.

Modesto landed at number 17 on the list with a housing premium of 32%.

“It is hoped that knowing the premium or discount … will enable more informed decision-making by buyers, sellers, real estate professionals and (policymakers) within that market,” researchers from Florida Atlantic University wrote on the site.

California Cities with the Most Expensive Housing Markets

According to Florida Atlantic University’s Beracha and Johnson Housing Market Ranking, these California cities were among the most expensive metropolitan areas in the country as of April 30:

No. 17 | Modest

  • Median home value: $466,035

  • Projected home price: $353,206

  • Average housing premium: 31.94%

No. 36 | Stockton

Average value: $542,583 Expected price: $426,860 Average premium: 27.11%

No. 45 | Riverside

Average value: $581,267 Expected price: $467,964 Average premium: 24.21%

No. 50 | San Diego

Average value: $957,094 Expected price: $769,252 Average premium: 24.42%

No. 52 | Bakersfield

Average value: $351,385 Expected price: $284,659 Average premium: 23.4%

No. 58. | Fresno

Average value: $397,214 Expected price: $325,286 Average premium: 22.11%

No. 78 | Sacramento

Average value: $584,289 Expected price: $499,795 Average premium: 16.9%

No. 82 | Oxnard

Average value: $874,666 Expected price: $753,009 Average premium: 16.2%

No. 85 | Los Angeles

Average value: $961,667 Expected price: $845,956 Average premium: 13.7%

No. 86 | San Jose

Average value: $1,633,092 Expected price: $1,434,668 Average premium: 13.8%

No. 98 | San Francisco

Average value: $1,187,716 Expected price: $1,161,573 Average premium: 2.3%

How did Florida Atlantic University arrive at rankings?

Florida Atlantic University used data from Zillow and other housing market data providers to analyze the top 100 most overpriced or underpriced metropolitan areas in the U.S.

The locations were then ranked based on their average housing premium or discount.

The Beracha and Johnson Housing Market Ranking is compiled monthly.

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