93955 Home Prices & Values

$368,800 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

  • 8.3% 1-year change
  • 4.1% 1-year forecast

The median home value in 93955 is $368,800. 93955 home values have gone up 8.3% over the past year and Zillow predicts they will rise 4.1% within the next year. The median list price per square foot in 93955 is $307, which is lower than the Monterey average of $424. The median price of homes currently listed in 93955 is $395,000 while the median price of homes that sold is $364,769.

Foreclosures will be a factor impacting home values in the next several years. In 93955 2.2 homes are foreclosed (per 10,000). This is greater than the Monterey value of 1.8 and also lower than the national value of 4.3

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 93955 is 6.3%, 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 93955 homeowners underwater on their mortgage is 20.8%, which is higher than Monterey at 8.4%.

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Relative ZHVI
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93955 Market Overview

Data through Aug 31, 2014
  • $368,800 ZHVI
  • 4.1% 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

    (Aug 31, 2015)
  • $395,000 Median listing price
  • $364,769 Median sale price
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93955 Market Health

Data through Aug 31, 2014
  • 4.0/10 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
  • 20.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes(Jul 31, 2014) 93955
1.8 homes Monterey
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
93953 $1,476,500 93921 $1,466,400 93923 $1,167,500
93908 $706,400 93950 $694,100 93940 $643,400
93933 $421,800 93901 $393,300 93906 $312,700

Listings & Sales

Data through Aug 31, 2014
  • $307 Median list price / sq ft
  • $295 Median sale price / sq ft
  • 31.4% Listings with price cut
12.1%
Sold below listing
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93955 Rentals

Data through Aug 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
$1,905 93955
$2,402 Monterey
$1,328 United States
  • 1.8 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, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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