Home Values

Saratoga Springs 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

$298,100

  • 1.2% 1-year change
  • 2.2% 1-year forecast

The median home value in Saratoga Springs is $298,100. Saratoga Springs home values have gone up 1.2% over the past year and Zillow predicts they will rise 2.2% within the next year. The median list price per square foot in Saratoga Springs is $194, which is higher than the Albany Metro average of $133. The median price of homes currently listed in Saratoga Springs is $399,000 while the median price of homes that sold is $324,515.

Foreclosures will be a factor impacting home values in the next several years. In Saratoga Springs 0.9 homes are foreclosed (per 10,000). This is lower than the Albany Metro value of 2.6 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 Springs is 6.1%, 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 Springs homeowners underwater on their mortgage is 8.4%, which is lower than Albany Metro at 12.6%.

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Relative ZHVI
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Saratoga Springs Market Overview

Data through Aug 31, 2014
  • $298,100 ZHVI
  • 2.2% 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)
  • $399,000 Median listing price
  • $324,515 Median sale price
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Saratoga Springs Market Health

Data through Aug 31, 2014
  • 6.9/10 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
  • 8.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.9 homes Saratoga Springs
2.6 homes Albany Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Wilton $281,600
Malta $248,200
Saratoga $247,700
Name Median ZHVI
Greenfield Center $230,400
Town of Milton $221,200
Town of Stillwater $212,600
Name Median ZHVI
Ballston Spa $192,300
Northumberland $187,600
North Ballston Spa $184,900

Listings & Sales

Data through Aug 31, 2014
  • $194 Median list price / sq ft
  • $190 Median sale price / sq ft
  • 33.9% Listings with price cut
17.1%
Sold below listing
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Saratoga Springs Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,272 Saratoga Springs
    $1,497 Albany 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

  • 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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