Watsonville Home Prices & Values

$418,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 24.9% 1-year change
  • 8.3% 1-year forecast

The median home value in Watsonville is $418,500. Watsonville home values have gone up 24.9% over the past year and Zillow predicts they will rise 8.3% within the next year. The median list price per square foot in Watsonville is $303, which is lower than the Salinas Metro average of $397. The median price of homes currently listed in Watsonville is $479,000 while the median price of homes that sold is $436,450.

Foreclosures will be a factor impacting home values in the next several years. In Watsonville 2.2 homes are foreclosed (per 10,000). This is lower than the Salinas Metro value of 2.3 and also lower than the national value of 4.4

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 Watsonville is 5.7%, which is lower than the national value of 6.9%. 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 Watsonville homeowners underwater on their mortgage is 15.7%, which is lower than Salinas Metro at 17.5%.

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Relative ZHVI
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Watsonville Market Overview

Data through Jul 31, 2014
  • $418,500 ZHVI
  • 8.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $479,000 Median listing price
  • $436,450 Median sale price
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Watsonville Market Health

Data through Jul 31, 2014
  • 9.3/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 15.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Watsonville
2.3 homes Salinas Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
San Martin $847,000 Morgan Hill $727,200 Aptos $726,400
Capitola $672,500 Soquel $665,100 Gilroy $582,000
Aromas $502,800 San Juan Bautista $455,200 Freedom $384,900

Listings & Sales

Data through Jul 31, 2014
  • $303 Median list price / sq ft
  • $295 Median sale price / sq ft
  • 25.6% Listings with price cut
12.9%
Sold below listing
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Watsonville Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,180 Watsonville
$1,977 Salinas Metro
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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