Santa Teresa Home Prices & Values

$698,700 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

  • 19.0% 1-year change
  • 8.1% 1-year forecast

Market Temperature: CoolWhat'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 neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood 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 Santa Teresa is $698,700. Santa Teresa home values have gone up 19.0% over the past year and Zillow predicts they will rise 8.1% within the next year. The median list price per square foot in Santa Teresa is $412, which is lower than the San Jose average of $432. The median price of homes currently listed in Santa Teresa is $660,000 while the median price of homes that sold is $641,250. The median rent price in Santa Teresa is $2,465, which is lower than the San Jose median of $2,560.

Foreclosures will be a factor impacting home values in the next several years. In Santa Teresa 1.6 homes are foreclosed (per 10,000). This is greater than the San Jose value of 1.0 and also lower than the national value of 4.4

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Relative ZHVI
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Santa Teresa Market Overview

Data through Jul 31, 2014
  • $698,700 ZHVI
  • 8.1% 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

    (Jul 31, 2015)
  • $660,000 Median listing price
  • $641,250 Median sale price
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Santa Teresa Market Health

Data through Jul 31, 2014
  • 9.3/10 Very 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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

1.6 homes Santa Teresa
1 home San Jose
4.4 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Almaden Valley $1,110,500 Willow Glen $886,000 Cambrian Park $836,000
Evergreen $781,900 Blossom Valley $681,100 Alum Rock-East Foothills $540,400
Edenvale - Seven Trees $535,300 East San Jose $511,000 Fairgrounds $497,600

Listings & Sales

Data through Jul 31, 2014
  • $412 Median list price / sq ft
  • $406 Median sale price / sq ft
  • 24.1% Listings with price cut
9.7%
Sold below listing
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Santa Teresa 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
$2,740 Santa Teresa
$2,813 San Jose
$1,318 United States
  • 4.0 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)
  • $2,465 Rent list price
  • $2.12 Rent list price / sq ft
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