Take a tour of Santa's North Pole home on Zillow

Rhea-AI Summary

Santa Claus' home at the North Pole is now valued at $1,031,401, a 19% increase from last year due to rising home values during the pandemic. The Clauses' home features a unique design appealing to pandemic-era buyers, including a hot cocoa tap and gourmet oven. Zillow projects a further 14% appreciation in value next year. The property, listed on Zillow since 2016, is not for sale, and visitors can tour it virtually, enhancing holiday spirit amidst changing lifestyles.

Positive

• Valuation increase of 19% year-over-year.
• Projected further appreciation of 14% next year.

Negative

• None.

SEATTLE, Dec. 15, 2021 /PRNewswire/ -- Santa Claus' home and state-of-the-art toy workshop at the North Pole is now worth an estimated $1,031,401, according to Zillow. The pandemic led to skyrocketing home values across the country, and Santa's home is no exception, gaining 19 percent in value since the last holiday season.

The pandemic upended the housing market and changed the way we live. From how we work to our hobbies, life is different — including Santa's. Santa and Mrs. Claus' home is the ultimate Zen retreat, where they've been getting in shape, baking delicious goodies for the elves, and enjoying their time at home playing games and staying healthy.

Santa's remote log cabin sits on 25 acres and has some unique features that pandemic-era home buyers will find appealing, including a floor-to-ceiling river rock fireplace, a hot cocoa tap and a gourmet oven with 12 different cookie settings.

This year, the Clauses updated their home photos, and it looks like they have a few new additions to their home, including a stationary bike and a recently adopted pup. Our hints here can help you spot all 11!

"Families who may not feel comfortable meeting Santa in person this year can still capture the holiday spirit by virtually touring his home," says Zillow home trends expert Amanda Pendleton. "Spotting this year's pandemic-era additions, like the Clauses' newly adopted pet and a pair of red sweatpants, provides for a fun challenge for returning tour takers. Visitors can also unwrap an immersive 3D home tour of Santa's elf village, powered by the same technology that makes it easier to virtually tour for-sale homes and rentals on Zillow."

Santa and Mrs. Claus first claimed their home on Zillow in 2016, giving people around the world a glimpse into their enchanted lives. Zillow calculated a special Zestimate for Santa's one-of-a-kind property using comparable homes in remote locations¹ and applying a Santa premium². The home has never been sold and is not on the market.

To see Santa's home, visit zillow.com/house/santas-house.

Zillow predicts that Santa's home will appreciate nearly 14 percent over the next year, right in line with forecasted home value appreciation across the United States as a whole.

About Zillow Group
Zillow Group Inc. (NASDAQ: Z and ZG) is reimagining real estate to make it easier to unlock life's next chapter.

As the most visited real estate website in the United States, Zillow® and its affiliates offer customers an on-demand experience for selling, buying, renting or financing with transparency and nearly seamless end-to-end service. Zillow Home Loans™, our affiliate lender, provides our customers with an easy option to get pre-approved and secure financing for their next home purchase. In September 2020, Zillow launched Zillow Homes, Inc., a licensed brokerage entity, to streamline Zillow Offers transactions. 

Zillow Group's affiliates and subsidiaries include Zillow®, Zillow Offers®, Zillow Premier Agent®, Zillow Home Loans™, Zillow Closing Services™, Zillow Homes Inc., Trulia®, Out East®, ShowingTime®, Bridge Interactive®, dotloop®, StreetEasy® and HotPads®. Zillow Home Loans LLC is an Equal Housing Lender, NMLS #10287 (www.nmlsconsumeraccess.org).

¹ Zillow looked at remote locations on the coast of Alaska, as close to the North Pole as possible. 
² According to a FiveThirtyEight® survey, 78% of respondents cited Christmas as one of their favorite holidays. Given that popularity, Zillow increased the preliminary Zestimate value, which was determined by analyzing comparable homes in remote locations, by 78%, which is what Zillow deemed the "Santa premium."

 

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SOURCE Zillow

FAQ

What is the current estimated value of Santa Claus' home according to Zillow?

Santa Claus' home is currently valued at $1,031,401.

How much has Santa's home value increased since last year?

Santa's home value has increased by 19% since last holiday season.

What unique features does Santa's home have that appeal to buyers?

Unique features include a hot cocoa tap and gourmet oven with 12 cookie settings.

Is Santa's home currently on the market for sale?

No, Santa's home is not for sale.

What does Zillow predict for the future value of Santa's home?

Zillow predicts Santa's home will appreciate nearly 14% over the next year.