Home Values

Saratoga 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

$2,088,400

  • 9.4% 1-year change
  • 5.0% 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 Saratoga is $2,088,400. Saratoga home values have gone up 9.4% over the past year and Zillow predicts they will rise 5.0% within the next year. The median list price per square foot in Saratoga is $750, which is higher than the San Jose Metro average of $454. The median price of homes currently listed in Saratoga is $2,199,000 while the median price of homes that sold is $1,846,000.

Foreclosures will be a factor impacting home values in the next several years. In Saratoga 0.5 homes are foreclosed (per 10,000). This is lower than the San Jose Metro value of 0.7 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 Saratoga is 0.0%, 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 Saratoga homeowners underwater on their mortgage is 1.0%, which is lower than San Jose Metro at 4.6%.

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Relative ZHVI
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Saratoga Market Overview

Data through Aug 31, 2014
  • $2,088,400 ZHVI
  • 5.0% 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
    (Aug 31, 2015)
  • $2,199,000 Median listing price
  • $1,846,000 Median sale price
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Saratoga Market Health

Data through Aug 31, 2014
  • 9.6/10 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
  • 1.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.5 homes(Jul 31, 2014) Saratoga
0.7 homes San Jose Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Loyola $2,536,000
Monte Sereno $2,413,100
Los Altos $2,152,100
Name Median ZHVI
Cupertino $1,517,700
Los Gatos $1,450,500
Sunnyvale $1,089,400
Name Median ZHVI
Cambrian Park $984,200
Lexington Hills $895,000
Campbell $882,100

Listings & Sales

Data through Aug 31, 2014
  • $750 Median list price / sq ft
  • $782 Median sale price / sq ft
  • 22.0% Listings with price cut
3.7%
Sold below listing
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Saratoga Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $5,509 Saratoga
    $3,101 San Jose Metro
    $1,328 United States

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

  • 2.4 Breakeven horizon
    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
  • $2.28 Rent list price / sq ft
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