Best of the best and worst of the worst
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Top 5: Most expensive
City Average price
Beverly Hills, CA $1.800 million
Santa Monica, CA $1.767 million
La Jolla, CA $1.762 million
Santa Barbara, CA $1.700 million
Palo Alto, CA $1.652 million
Source: Coldwell Banker Home Price Comparison Index
America's most expensive housing market
Beverly Hills, CA
Key stat: A 4-bed, 2-1/2-bath house costs $1.8 million

California has many of the most expensive housing markets in the United States. For this survey, which measures how much a similarly sized and outfitted house would cost in various markets, Beverly Hills came out on top, just ahead of nearby Santa Monica.

The index uses as its benchmark the cost of a house measuring 2,200 square feet, with four bedrooms and two and a half baths in a middle-management neighborhood.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.