Home Values

Mill Creek 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

$418,700

  • 3.2% 1-year change
  • 3.9% 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 Mill Creek is $418,700. Mill Creek home values have gone up 3.2% over the past year and Zillow predicts they will rise 3.9% within the next year. The median list price per square foot in Mill Creek is $192, which is higher than the Seattle Metro average of $178. The median price of homes currently listed in Mill Creek is $399,999 while the median price of homes that sold is $388,250. The median rent price in Mill Creek is $1,505, which is lower than the Seattle Metro median of $1,595.

Foreclosures will be a factor impacting home values in the next several years. In Mill Creek 2.3 homes are foreclosed (per 10,000). This is lower than the Seattle Metro value of 5.8 and also lower than the national value of 4.2

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Relative ZHVI
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Mill Creek Market Overview

Data through Nov 30, 2014
  • $418,700 ZHVI
  • 3.9% 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
    (Nov 30, 2015)
  • $399,999 Median listing price
  • $388,250 Median sale price
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Mill Creek Market Health

Data through Nov 30, 2014
  • 4.2/10 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
  • No data Homes with negative equity (16.9% US Avg)
  • No data Delinquent on mortgage (6.4% US Avg)

Homes foreclosed (per 10,000)

2.3 homes(Oct 31, 2014) Mill Creek
5.8 homes Seattle Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Mukilteo $436,800
Bothell $412,200
Brier $405,900
Name Median ZHVI
North Creek $382,200
Seattle Hill-Silver Firs $341,700
Picnic Point-North Lynnwood $334,100
Name Median ZHVI
Lynnwood $314,000
Paine Field-Lake Stickney $253,900
Everett $250,000

Listings & Sales

Data through Nov 30, 2014
  • $192 Median list price / sq ft
  • $193 Median sale price / sq ft
  • No data Listings with price cut
22.5%
Sold below listing
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Mill Creek Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,228 Mill Creek
    $1,827 Seattle Metro
    $1,342 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,505 Rent list price
  • $1.38 Rent list price / sq ft
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