Home Values

Grover Beach 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

$408,100

  • 6.2% 1-year change
  • 3.7% 1-year forecast

The median home value in Grover Beach is $408,100. Grover Beach home values have gone up 6.2% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in Grover Beach is None. The median rent price in Grover Beach is $1,800, which is higher than the San Luis Obispo Metro median of $1,750.

Foreclosures will be a factor impacting home values in the next several years. In Grover Beach 2.4 homes are foreclosed (per 10,000). This is greater than the San Luis Obispo Metro value of 1.4 and also lower than the national value of 3.9

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 Grover Beach is 4.3%, which is lower than the national value of 6.3%. 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 Grover Beach homeowners underwater on their mortgage is 11.2%, which is higher than San Luis Obispo Metro at 7.2%.

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Relative ZHVI
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Grover Beach Market Overview

Data through Apr 30, 2015
  • $408,100 ZHVI
  • 3.7% 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
    (Apr 30, 2016)
  • No data Median listing price
  • $425,000 Median sale price (Mar 31, 2015)
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Grover Beach Market Health

Data through Apr 30, 2015
  • 9.7/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 11.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.3% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.4 homes(Mar 31, 2015) Grover Beach
1.4 homes San Luis Obispo Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Pismo Beach $655,800
San Luis Obispo $590,800
Arroyo Grande $545,200
Name Median ZHVI
Nipomo $424,100
Paso Robles $377,100
Oceano $320,500
Name Median ZHVI
Santa Maria $288,800
 
 

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $330 Median sale price / sq ft
  • No data Listings with price cut
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Grover Beach Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,852 Grover Beach
    $2,144 San Luis Obispo Metro
    $1,364 United States

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

  • 3.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $1,800 Rent list price
  • $1.40 Rent list price / sq ft (Mar 31, 2015)
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