Home Values

Litchfield Park 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

$227,900

  • 6.0% 1-year change
  • 3.3% 1-year forecast

Market temperature 

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool
Buyers' Market
Sellers' Market

The median home value in Litchfield Park is $227,900. Litchfield Park home values have gone up 6.0% over the past year and Zillow predicts they will rise 3.3% within the next year. The median rent price in Litchfield Park is $1,250, which is the same as the Phoenix Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Litchfield Park 2.1 homes are foreclosed (per 10,000). This is lower than the Phoenix Metro value of 3.3 and also lower than the national value of 3.8

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 Litchfield Park is 2.8%, which is lower than the national value of 6.0%. 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 Litchfield Park homeowners underwater on their mortgage is 20.5%, which is higher than Phoenix Metro at 19.0%.

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Relative ZHVI
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Litchfield Park Market Overview

Data through Jun 30, 2015
  • $227,900 ZHVI
  • 3.3% 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
    (Jun 30, 2016)
  • No data Median listing price
  • $261,050 Median sale price
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Litchfield Park Market Health

Data through Jun 30, 2015
  • 8.6/10 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
  • 20.5% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 2.8% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2(May 31, 2015) Litchfield Park
3 Phoenix Metro
4 United States
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Nearby Cities

Name Median ZHVI
Goodyear $214,600
Surprise $185,800
Glendale $164,900
Name Median ZHVI
Phoenix $161,600
Avondale $159,400
El Mirage $125,100
Name Median ZHVI
Sun City $116,100
Tolleson $89,500
Youngtown $81,700

Listings & Sales

Data through Jun 30, 2015
  • No recent data Median list price / sq ft
  • $120 Median sale price / sq ft
  • No data Listings with price cut
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Litchfield Park Rentals

Data through Jun 30, 2015
  • Zillow Rent Index

  • $1,343 Litchfield Park
    $1,260 Phoenix Metro
    $1,369 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,250 Rent list price
  • $0.66 Rent list price / sq ft
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