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Featured local agent — El Verano, CA
Sarah Mitchell
Compass Real Estate · El Verano, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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El Verano, CA Housing Market
The last median sale price Redfin published was $1.04M (through May 2026). With 1.8 months of supply and homes going under contract in about 43 days, El Verano is a strong seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $1.04M home is about $5,372/mo in principal and interest.
Key numbers for El Verano, CA
Median sale price
$1.04M
Last published period
Redfin, through April 2026
Days on market
43
Average pace
Redfin, through April 2026
Active listings
7
1.8 months of supply
Redfin, through April 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$119,527
Home costs 8.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.9%
Selling above asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is El Verano a buyer's or seller's market?
El Verano, CA is a strong seller's market, based on 1.8 months of supply and homes selling in about 43 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the El Verano housing market data show?
Every row below is Redfin's final published month for El Verano, CA. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $1.04M |
| Median list price | $1.06M |
| Median price per sq ft | $573/sq ft |
| Median days on market | 43 days |
| Active inventory | 7 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 100.9% |
| Homes sold (that month) | 4 |
| New listings (that month) | 3 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for El Verano is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in El Verano is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have El Verano home prices moved?
Over the last three years the median sale price in El Verano, CA rose 109.0%, from $500,000 to $1.04M. For prices to fall meaningfully from here, supply would have to keep building past 1.8 months while the sale-to-list ratio slips below its current 100.9%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in El Verano?
Priced off the median sale price of $1.04M at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $209,000 | $836,000 | $5,372/mo |
| 5% | $52,250 | $992,750 | $6,380/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $5,372, that implies roughly $230,244 a year before you add taxes and insurance. The median household in El Verano earns $119,527, about $110,717 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 8.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in El Verano in the next 12 months?
Tell us your timeline. We send the El Verano market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in El Verano?
Zillow does not publish a rent index (ZORI) for El Verano, CA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in El Verano?
Active listings in El Verano, CA went from 12 in March 2025 to 7 in April 2026, a -41.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| May 2025 | 11 | 3 |
| June 2025 | 11 | 3 |
| July 2025 | 8 | 1 |
| August 2025 | 6 | 2 |
| September 2025 | 6 | 6 |
| October 2025 | 9 | 8 |
| November 2025 | 12 | 5 |
| December 2025 | 14 | 5 |
| January 2026 | 9 | 1 |
| February 2026 | 7 | 2 |
| March 2026 | 7 | 2 |
| April 2026 | 7 | 3 |
Redfin, through April 2026
How does El Verano compare to California and the U.S.?
El Verano homes sell for $1.04M — 18% above the California median of $887,400. Against the national median of $410,700, El Verano runs 154% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| El Verano, CA | $1.04M | not published | 43 days |
| California statewide | $887,400 | +3.4% | 33 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in El Verano
What buyers should watch
- Months of supply, currently 1.8. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $1,007 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $1.04M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median El Verano listing goes under contract in 43 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.9% of asking. Price at the number you want and let competition do the rest.
- In the last published month El Verano added 3 new listings against 4 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside El Verano varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in El Verano
There are currently 7 homes listed for sale in El Verano, California. The median listing price is $1.1M.
Active listings
7
Homes on market
Median list price
$1.1M
Avg. days on market
43
Days until sale
New this week
3
Newly listed
How much do homes cost in El Verano by property type?
How the El Verano, CA market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $1.04M | $573/sq ft | 4 | 43 days |
| Condo / co-op | $455,000 | $432/sq ft | 1 | 321 days |
| Townhouse | $520,000 | $320/sq ft | 1 | 241 days |
Who lives in El Verano?
American Community Survey estimates for El Verano. U.S. Census ACS, 2023
Population
3,154
Households
1,229
Median income
$119,527/yr
Median age
44.4 years
Owner-occupied
65.3%
Median home value
$870,100
Median gross rent
$2,430/mo
Mean commute
34 min
65.3% of occupied homes in El Verano are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near El Verano, CA?
Ordered by distance from El Verano, not by size. Compare El Verano side by side with any of them.
El Verano housing market FAQ
Is El Verano a buyer's or seller's market?
El Verano, CA is currently a strong seller's market. That read comes from 1.8 months of supply, homes going under contract in about 43 days, and sellers getting 100.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in El Verano?
The median sale price in the last month Redfin published was $1.04M, about $573 per square foot.
Is El Verano cheaper than the rest of California?
El Verano's median sale price of $1.04M is 18% higher than the California statewide median of $887,400, and 154% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in El Verano?
Homes in El Verano, CA spent a median of 43 days on market before going under contract, versus 33 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in El Verano?
At the current 30-year fixed rate of 6.66%, 20% down on a $1.04M home is about $5,372 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $230,244 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $119,527.
Are home prices rising in El Verano?
We do not hold a complete 12-month value series for El Verano, CA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in El Verano?
El Verano ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in El Verano?
That depends on your timeline, not on a headline. What the data says today: El Verano, CA is a strong seller's market with 1.8 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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