Grand Junction Home Prices & Values

$178,400 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

  • 2.1% 1-year change
  • 3.4% 1-year forecast

The median home value in Grand Junction is $178,400. Grand Junction home values have gone up 2.1% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Grand Junction is $133, which is lower than the Grand Junction Metro average of $135. The median price of homes currently listed in Grand Junction is $214,000 while the median price of homes that sold is $196,275. The median rent price in Grand Junction is $999, which is higher than the Grand Junction Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Grand Junction 10.4 homes are foreclosed (per 10,000). This is lower than the Grand Junction Metro value of 11.9 and also greater 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 Grand Junction is 3.8%, 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 Grand Junction homeowners underwater on their mortgage is 23.5%, which is lower than Grand Junction Metro at 24.4%.

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Relative ZHVI
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Grand Junction Market Overview

Data through Aug 31, 2014
  • $178,400 ZHVI
  • 3.4% 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

    (Aug 31, 2015)
  • $214,000 Median listing price
  • $196,275 Median sale price
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Grand Junction Market Health

Data through Aug 31, 2014
  • 1.0/10 Less 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 days on Zillow
  • 23.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

10.4 homes Grand Junction
11.9 homes Grand Junction Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Whitewater $254,800 Palisade $205,300 Fruita $200,200
Olathe $190,400 Cedaredge $170,300 Orchard City $169,700
Parachute $153,100 Delta $149,700 Clifton $131,200

Listings & Sales

Data through Aug 31, 2014
  • $133 Median list price / sq ft
  • $128 Median sale price / sq ft
  • 42.3% Listings with price cut
24.3%
Sold below listing
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Grand Junction Rentals

Data through Aug 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
$1,157 Grand Junction
$1,149 Grand Junction Metro
$1,328 United States
  • 2.6 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, 2014)
  • $999 Rent list price
  • $0.83 Rent list price / sq ft
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