Soledad Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 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 list price per square foot in Soledad is $148, which is lower than the Salinas Metro average of $404. The median price of homes currently listed in Soledad is $244,900 while the median price of homes that sold is $175,000. The median rent price in Soledad is $1,325, which is lower than the Salinas Metro median of $1,550.

Foreclosures will be a factor impacting home values in the next several years. In Soledad 8.6 homes are foreclosed (per 10,000). This is greater than the Salinas Metro value of 2.9 and also greater than the national value of 5.0

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 Soledad is 4.5%, which is lower than the national value of 8.0%. 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 Soledad homeowners underwater on their mortgage is 36.1%, which is higher than Salinas Metro at 21.3%.

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Relative ZHVI
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Soledad Market Overview

Data through Feb 28, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $244,900 Median listing price
  • No recent data Median sale price
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Soledad Market Health

Data through Feb 28, 2014
  • No recent data Less healthy
  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

8.6 homes Soledad
2.9 homes Salinas Metro
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Carmel $1,231,100 Carmel Valley $826,400 Monterey $708,200
San Juan Bautista $469,100 Hollister $380,200 Seaside $360,200
Salinas $307,900 Gonzales $218,000 King City $163,800

Listings & Sales

Data through Feb 28, 2014
  • $148 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 5.6% Listings with price cut
63.6%
Sold below listing
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Soledad Rentals

Data through Feb 28, 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
$1,564 Soledad
$1,950 Salinas Metro
$1,310 United States
  • No recent data Breakeven horizon
  • $1,325 Rent list price
  • $1.00 Rent list price / sq ft
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