Simi Valley Home Prices & Values

$466,700 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

  • 11.6% 1-year change
  • 4.7% 1-year forecast

Market Temperature: WarmWhat'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 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

Buyers' Market Sellers' Market

The median home value in Simi Valley is $466,700. Simi Valley home values have gone up 11.6% over the past year and Zillow predicts they will rise 4.7% within the next year. The median list price per square foot in Simi Valley is $271, which is lower than the Ventura Metro average of $298. The median price of homes currently listed in Simi Valley is $487,900 while the median price of homes that sold is $451,250. The median rent price in Simi Valley is $2,300, which is higher than the Ventura Metro median of $2,105.

Foreclosures will be a factor impacting home values in the next several years. In Simi Valley 1.7 homes are foreclosed (per 10,000). This is the same as the Ventura Metro value of 1.7 and also lower than the national value of 4.8

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 Simi Valley is 6.5%, which is lower than the national value of 7.2%. 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 Simi Valley homeowners underwater on their mortgage is 13.2%, which is lower than Ventura Metro at 13.4%.

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Relative ZHVI
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Simi Valley Market Overview

Data through May 31, 2014
  • $466,700 ZHVI
  • 4.7% 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

    (May 31, 2015)
  • $487,900 Median listing price
  • $451,250 Median sale price
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Simi Valley Market Health

Data through May 31, 2014
  • 7.7/10 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 of days on Zillow
  • 13.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.5% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.7 homes Simi Valley
1.7 homes Ventura Metro
4.8 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Hidden Hills $2,491,200 Bell Canyon $1,295,700 Calabasas $1,059,500
Westlake Village $852,800 Agoura Hills $793,800 Oak Park $687,500
Thousand Oaks $633,400 Moorpark $546,600 Fillmore $311,400

Listings & Sales

Data through May 31, 2014
  • $271 Median list price / sq ft
  • $275 Median sale price / sq ft
  • 28.8% Listings with price cut
21.2%
Sold below listing
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Simi Valley Rentals

Data through May 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
$2,437 Simi Valley
$2,399 Ventura Metro
$1,310 United States
  • 3.0 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)
  • $2,300 Rent list price
  • $1.50 Rent list price / sq ft
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