Amherst Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median list price per square foot in Amherst is $106, which is higher than the Buffalo Metro average of $93. The median price of homes currently listed in Amherst is $169,900 while the median price of homes that sold is $186,251. The median rent price in Amherst is $1,030, which is higher than the Buffalo Metro median of $775.

Foreclosures will be a factor impacting home values in the next several years. In Amherst 0.2 homes are foreclosed (per 10,000). This is lower 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 Amherst is 4.3%, 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 Amherst homeowners underwater on their mortgage is 5.8%.

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Relative ZHVI
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Amherst Market Overview

Data through Feb 28, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $169,900 Median listing price
  • No recent data Median sale price
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Amherst Market Health

Data through Feb 28, 2014
  • No recent data Very 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)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Wheatfield $176,000 Pendleton $170,900 Cambria $146,300
South Lockport $120,400 North Tonawanda $105,200 Town of Lockport $93,000

Listings & Sales

Data through Feb 28, 2014
  • $106 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 34.7% Listings with price cut
14.0%
Sold below listing
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Amherst 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
$1,577 Amherst
$1,126 Buffalo Metro
$1,310 United States
  • No recent data Breakeven horizon
  • $1,030 Rent list price
  • $0.97 Rent list price / sq ft
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