Home Values

Spring Valley 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

$376,500

  • 13.2% 1-year change
  • 7.1% 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

Very Hot

Buyers' Market
Sellers' Market

The median home value in Spring Valley is $376,500. Spring Valley home values have gone up 13.2% over the past year and Zillow predicts they will rise 7.1% within the next year. The median list price per square foot in Spring Valley is $227, which is lower than the San Diego Metro average of $298. The median price of homes currently listed in Spring Valley is $369,900 while the median price of homes that sold is $355,800. The median rent price in Spring Valley is $1,500, which is lower than the San Diego Metro median of $2,095.

Foreclosures will be a factor impacting home values in the next several years. In Spring Valley 2.1 homes are foreclosed (per 10,000). This is greater than the San Diego Metro value of 1.8 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 Spring Valley is 7.2%, which is higher 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 Spring Valley homeowners underwater on their mortgage is 13.5%, which is higher than San Diego Metro at 10.0%.

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Relative ZHVI
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Spring Valley Market Overview

Data through Aug 31, 2014
  • $376,500 ZHVI
  • 7.1% 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)
  • $369,900 Median listing price
  • $355,800 Median sale price
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Spring Valley Market Health

Data through Aug 31, 2014
  • 7.9/10 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
  • 13.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.1 homes Spring Valley
1.8 homes San Diego Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Jamul $607,200 Bonita $559,000 San Diego $496,600
La Mesa $454,700 Chula Vista $423,400 El Cajon $411,500
Santee $407,900 Lemon Grove $359,900 National City $318,600

Listings & Sales

Data through Aug 31, 2014
  • $227 Median list price / sq ft
  • $227 Median sale price / sq ft
  • 39.4% Listings with price cut
12.1%
Sold below listing
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Spring Valley Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,982 Spring Valley
    $2,242 San Diego 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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.40 Rent list price / sq ft
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