Home Values

Watsonville Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$428,600

  • 18.0% 1-year change
  • 6.3% 1-year forecast

The median home value in Watsonville is $428,600. Watsonville home values have gone up 18.0% over the past year and Zillow predicts they will rise 6.3% within the next year. The median list price per square foot in Watsonville is $306, which is lower than the Salinas Metro average of $369. The median price of homes currently listed in Watsonville is $429,950 while the median price of homes that sold is $426,785. The median rent price in Watsonville is $1,725, which is lower than the Salinas Metro median of $1,795.

Foreclosures will be a factor impacting home values in the next several years. In Watsonville 3.3 homes are foreclosed (per 10,000). This is greater than the Salinas Metro value of 2.1 and also lower than the national value of 4.2

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 6.8%, which is higher than the national value of 6.4%. 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 13.7%, which is lower than Salinas Metro at 16.1%.

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Relative ZHVI
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Watsonville Market Overview

Data through Nov 30, 2014
  • $428,600 ZHVI
  • 6.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $429,950 Median listing price
  • $426,785 Median sale price
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Watsonville Market Health

Data through Nov 30, 2014
  • 8.9/10 Very healthy
    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 days on Zillow
  • 13.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes Watsonville
2.1 homes Salinas Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
San Martin $866,600
Morgan Hill $744,200
Aptos $737,200
Name Median ZHVI
Soquel $668,500
Capitola $662,100
Gilroy $603,000
Name Median ZHVI
Aromas $502,500
San Juan Bautista $480,000
Marina $418,200

Listings & Sales

Data through Nov 30, 2014
  • $306 Median list price / sq ft
  • $284 Median sale price / sq ft
  • No data Listings with price cut
20.5%
Sold below listing
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Watsonville Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,313 Watsonville
    $2,023 Salinas Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,725 Rent list price
  • $1.59 Rent list price / sq ft (Oct 31, 2014)
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