Southwest Home Prices & Values

$356,500 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

  • 17.2% 1-year change
  • 8.3% 1-year forecast

Market Temperature: HotWhat'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 Southwest is $356,500. Southwest home values have gone up 17.2% over the past year and Zillow predicts they will rise 8.3% within the next year. The median list price per square foot in Southwest is $211, which is lower than the Chula Vista average of $223. The median price of homes currently listed in Southwest is $319,000 while the median price of homes that sold is $349,250. The median rent price in Southwest is $1,625, which is lower than the Chula Vista median of $2,000.

Foreclosures will be a factor impacting home values in the next several years. In Southwest 1.6 homes are foreclosed (per 10,000). This is lower than the Chula Vista value of 2.9 and also lower than the national value of 4.8

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Relative ZHVI
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Southwest Market Overview

Data through May 31, 2014
  • $356,500 ZHVI
  • 8.3% 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)
  • $319,000 Median listing price
  • $349,250 Median sale price
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Southwest Market Health

Data through May 31, 2014
  • 8.5/10 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
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

1.6 homes Southwest
2.9 homes Chula Vista
4.8 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Rancho Del Rey II $653,300 Sunbow II $469,800 Terra Nova $450,300
Paseo Ranchoero $448,500 Ocean Crest $437,800 Lynwood Hills $437,300
Northwest $367,200 Palm City $337,200 Otay Mesa West $327,900

Listings & Sales

Data through May 31, 2014
  • $211 Median list price / sq ft
  • $238 Median sale price / sq ft
  • 19.8% Listings with price cut
9.8%
Sold below listing
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Southwest 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
$1,903 Southwest
$2,191 Chula Vista
$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)
  • $1,625 Rent list price
  • $1.39 Rent list price / sq ft
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