Home Values

Arroyo Grande 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

$578,000

  • 11.3% 1-year change
  • 3.6% 1-year forecast

The median home value in Arroyo Grande is $578,000. Arroyo Grande home values have gone up 11.3% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in Arroyo Grande is $324, which is higher than the San Luis Obispo Metro average of $303. The median price of homes currently listed in Arroyo Grande is $659,000 while the median price of homes that sold is $497,250.

Foreclosures will be a factor impacting home values in the next several years. In Arroyo Grande 0.6 homes are foreclosed (per 10,000). This is lower than the San Luis Obispo Metro value of 1.7 and also lower than the national value of 4.3

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 Arroyo Grande is 2.9%, 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 Arroyo Grande homeowners underwater on their mortgage is 6.5%, which is lower than San Luis Obispo Metro at 9.2%.

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Relative ZHVI
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Arroyo Grande Market Overview

Data through Aug 31, 2014
  • $578,000 ZHVI
  • 3.6% 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
    (Aug 31, 2015)
  • $659,000 Median listing price
  • $497,250 Median sale price
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Arroyo Grande Market Health

Data through Aug 31, 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
  • 6.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.6 homes(Jul 31, 2014) Arroyo Grande
1.7 homes San Luis Obispo Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Pismo Beach $673,000
San Luis Obispo $595,500
Nipomo $452,200
Name Median ZHVI
Atascadero $418,100
Los Osos $408,800
Grover Beach $375,500
Name Median ZHVI
Oceano $324,300
Santa Maria $295,300
Guadalupe $199,500

Listings & Sales

Data through Aug 31, 2014
  • $324 Median list price / sq ft
  • $293 Median sale price / sq ft
  • 33.1% Listings with price cut
21.4%
Sold below listing
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Arroyo Grande Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,224 Arroyo Grande
    $1,957 San Luis Obispo Metro
    $1,328 United States

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

  • 2.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.26 Rent list price / sq ft
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