Home Values

Magalia 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

$161,200

  • 1.2% 1-year change
  • 1.9% 1-year forecast

The median home value in Magalia is $161,200. Magalia home values have gone up 1.2% over the past year and Zillow predicts they will rise 1.9% within the next year. The median list price per square foot in Magalia is $112, which is lower than the Chico Metro average of $151. The median price of homes currently listed in Magalia is $187,500 while the median price of homes that sold is $169,000. The median rent price in Magalia is $995, which is higher than the Chico Metro median of $965.

Foreclosures will be a factor impacting home values in the next several years. In Magalia 5.7 homes are foreclosed (per 10,000). This is greater than the Chico Metro value of 5.0 and also greater than the national value of 4.5

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 Magalia is 4.9%, 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 Magalia homeowners underwater on their mortgage is 24.9%, which is higher than Chico Metro at 19.7%.

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Relative ZHVI
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Magalia Market Overview

Data through Oct 31, 2014
  • $161,200 ZHVI
  • 1.9% 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
    (Oct 31, 2015)
  • $187,500 Median listing price
  • $169,000 Median sale price (Aug 31, 2014)
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Magalia Market Health

Data through Oct 31, 2014
  • 1.5/10 Less 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
  • 24.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.7 homes Magalia
5 homes Chico Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Durham $384,900
Forest Ranch $270,100
Chico $266,000
Name Median ZHVI
Paradise $195,000
Berry Creek $171,500
Oroville $157,600

Listings & Sales

Data through Oct 31, 2014
  • $112 Median list price / sq ft
  • $108 Median sale price / sq ft (Aug 31, 2014)
  • 44.2% Listings with price cut
12.1%
Sold below listing
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Magalia Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,145 Magalia
    $1,227 Chico Metro
    $1,337 United States

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

  • 2.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $995 Rent list price
  • $0.74 Rent list price / sq ft
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