Home Values

94061 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

$1,080,100

  • 14.0% 1-year change
  • 6.3% 1-year forecast

The median home value in 94061 is $1,080,100. 94061 home values have gone up 14.0% over the past year and Zillow predicts they will rise 6.3% within the next year. The median list price per square foot in 94061 is $726, which is higher than the Redwood City average of $657. The median price of homes currently listed in 94061 is $890,000 while the median price of homes that sold is $1,051,500. The median rent price in 94061 is $2,700, which is lower than the Redwood City median of $3,178.

Foreclosures will be a factor impacting home values in the next several years. In 94061 0.8 homes are foreclosed (per 10,000). This is greater than the Redwood City value of 0.4 and also lower than the national value of 4.0

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 94061 is 4.2%, which is lower than the national value of 6.4%. 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 94061 homeowners underwater on their mortgage is 2.1%, which is lower than Redwood City at 2.5%.

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Relative ZHVI
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94061 Market Overview

Data through Dec 31, 2014
  • $1,080,100 ZHVI
  • 6.3% 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
    (Dec 31, 2015)
  • $890,000 Median listing price
  • $1,051,500 Median sale price (Nov 30, 2014)
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94061 Market Health

Data through Dec 31, 2014
  • 9.4/10 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
  • 2.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.8 homes 94061
0.4 homes Redwood City
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
94027 $4,721,000
94301 $2,777,500
94305 $2,327,600
Name Median ZHVI
94025 $1,681,500
94062 $1,654,500
94070 $1,359,500
Name Median ZHVI
94002 $1,239,500
94065 $1,132,200
94063 $714,400

Listings & Sales

Data through Dec 31, 2014
  • $726 Median list price / sq ft
  • $713 Median sale price / sq ft (Nov 30, 2014)
  • 5.5% Listings with price cut
5.2%
Sold below listing
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94061 Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $3,872 94061
    $3,851 Redwood City
    $1,345 United States

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

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,700 Rent list price
  • $2.33 Rent list price / sq ft
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