Litchfield Park Home Prices & Values

$212,800 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

  • -4.3% 1-year change
  • 1.6% 1-year forecast

Market Temperature: WarmWhat's This?
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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

Buyers' Market Sellers' Market

The median home value in Litchfield Park is $212,800. Litchfield Park home values have declined -4.3% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Litchfield Park is $127, which is higher than the Phoenix Metro average of $123. The median price of homes currently listed in Litchfield Park is $264,500 while the median price of homes that sold is $197,650. The median rent price in Litchfield Park is $1,095, which is lower than the Phoenix Metro median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Litchfield Park 2.8 homes are foreclosed (per 10,000). This is lower than the Phoenix Metro value of 4.4 and also lower than the national value of 4.4

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 3.6%, 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 Litchfield Park homeowners underwater on their mortgage is 21.1%, which is higher than Phoenix Metro at 20.1%.

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Relative ZHVI
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Litchfield Park Market Overview

Data through Jul 31, 2014
  • $212,800 ZHVI
  • 1.6% 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

    (Jul 31, 2015)
  • $264,500 Median listing price
  • $197,650 Median sale price
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Litchfield Park Market Health

Data through Jul 31, 2014
  • 1.4/10 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
  • 21.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.8 homes Litchfield Park
4.4 homes Phoenix Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Goodyear $220,600 Surprise $191,000 Glendale $168,900
Phoenix $164,200 Avondale $162,600 El Mirage $130,100
Sun City $117,700 Tolleson $89,300 Youngtown $83,700

Listings & Sales

Data through Jul 31, 2014
  • $127 Median list price / sq ft
  • $109 Median sale price / sq ft
  • 42.9% Listings with price cut
15.6%
Sold below listing
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Litchfield Park Rentals

Data through Jul 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
$1,264 Litchfield Park
$1,202 Phoenix Metro
$1,318 United States
  • 2.0 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, 2013)
  • $1,095 Rent list price
  • $0.63 Rent list price / sq ft
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