Home Values

Amherst 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Amherst is $110, which is higher than the Buffalo Metro average of $97. The median price of homes currently listed in Amherst is $179,900 while the median price of homes that sold is $189,250. The median rent price in Amherst is $1,200, which is higher than the Buffalo Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Amherst 0.5 homes are foreclosed (per 10,000). This is lower than the national value of 4.0

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 Amherst is 5.1%, which is lower 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 Amherst homeowners underwater on their mortgage is 4.9%.

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Relative ZHVI
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Amherst Market Overview

Data through Sep 30, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $179,900 Median listing price
  • $189,250 Median sale price (Aug 31, 2014)
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Amherst Market Health

Data through Sep 30, 2014
  • No recent data
  • No data Average days on Zillow
  • 4.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.5 homes(Aug 31, 2014) Amherst
4 homes United States
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Nearby Cities

Name Median ZHVI
Wheatfield $181,200
Pendleton $174,300
Cambria $153,500
Name Median ZHVI
South Lockport $124,200
North Tonawanda $105,900
Town of Lockport $95,800

Listings & Sales

Data through Sep 30, 2014
  • $110 Median list price / sq ft
  • $110 Median sale price / sq ft (Aug 31, 2014)
  • 52.9% Listings with price cut
14.1%
Sold below listing
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Amherst Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,593 Amherst
    $1,212 Buffalo Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • $1,200 Rent list price
  • $1.06 Rent list price / sq ft
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