Zillow projects that U.S. home prices will rise 1.1% between January 2025 and January 2026. Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ...

Homes in many parts of Silicon Valley, San Francisco and Marin County appreciated in value as of the fourth quarter, compared with a year ago, Zillow said.

Among the 300 largest metro-area housing markets, these 105 are seeing falling home prices on a year-over-year basis.

When home values are all over the map The home in question resides on North Mozart Street and was sold to its current owners for $750,000 in 2017.

Home values shot down in half the country as the housing market faces a nationwide downturn. According to Zillow, monthly home values dropped in 27 out of the 50 states this year.

The Zillow index is based on the estimated typical value of homes, whether on the market for sale or not. It represents the average of the middle one-third of homes in a given area or region.

Typical home values shown on the map are based on estimates by real estate firm Zillow, including homes on and off the market. Median home prices reflect monthly sales data made available by Redfin.

“Zillow’s latest forecast anticipates home value growth in 2025 to be weaker than previously expected,” wrote Zillow economists on Wednesday.