Home Prices & Rents – 94022
ZILLOW HOME VALUE INDEX
$3,448,900
The median home value in 94022 is $3,448,900. 94022 home values have gone up 2.6% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in 94022 is $1,198. The median price of homes currently listed in 94022 is $4,250,000.
Foreclosures will be a factor impacting home values in the next several years. In 94022 1.0 homes are foreclosed (per 10,000). This is greater than the Los Altos value of 0.5 and also greater than the national value of 0.7
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 94022 is 0.0%, which is lower than the national value of 0.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 94022 homeowners underwater on their mortgage is 0.0%, which is higher than Los Altos at 0.0%.
MARKET TEMPERATURE
Market Overview
Data through Nov 30, 2016
- $3,448,900 ZHVI
- -0.4% 1-yr forecast (Nov 30, 2017)
- $4,250,000 Median listing price
- No data Median sale price
Market Health
Data through Nov 30, 2016
- 7.4/10 Healthy
- No data Average days on Zillow
- 0.0% Homes with negative equity (0.1% US Avg) (Sep 30, 2016)
- 0.0% Delinquent on mortgage (0.0% US Avg) (Sep 30, 2016)
Listings & Sales
Data through Nov 30, 2016
- $1,198 Median list price / sq ft
- No recent data Median sale price / sq ft
- 6.7% Listings with price cut
Rentals
Data through Nov 30, 2016
-
- 8.26568203518 Breakeven horizon (Sep 30, 2016)
- No data Rent list price
- No data Rent list price / sq ft
