Home Values

Bedford 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

$72,000

  • -3.4% 1-year change
  • -0.6% 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

Cold

Buyers' Market
Sellers' Market

The median home value in Bedford is $72,000. Bedford home values have declined -3.4% over the past year and Zillow predicts they will fall -0.6% within the next year. The median list price per square foot in Bedford is $50, which is lower than the Cleveland Metro average of $84. The median price of homes currently listed in Bedford is $59,900 while the median price of homes that sold is $59,400. The median rent price in Bedford is $925, which is higher than the Cleveland Metro median of $895.

Foreclosures will be a factor impacting home values in the next several years. In Bedford 17.1 homes are foreclosed (per 10,000). This is greater than the Cleveland Metro value of 7.7 and also greater 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 Bedford is 8.9%, which is higher than the national value of 6.4%. 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 Bedford homeowners underwater on their mortgage is 28.9%, which is higher than Cleveland Metro at 20.7%.

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Relative ZHVI
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Bedford Market Overview

Data through Jan 31, 2015
  • $72,000 ZHVI
  • -0.6% 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
    (Jan 31, 2016)
  • $59,900 Median listing price
  • No recent data Median sale price
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Bedford Market Health

Data through Jan 31, 2015
  • 0.1/10 Less 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 28.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 8.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

17.1 homes Bedford
7.7 homes Cleveland Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Orange $295,800
Valley View $232,500
Walton Hills $172,400
Name Median ZHVI
Northfield $166,800
Oakwood $125,400
Bedford Heights $93,400
Name Median ZHVI
Warrensville Heights $62,500
Garfield Heights $60,900
Maple Heights $52,400

Listings & Sales

Data through Jan 31, 2015
  • $50 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
41.7%
Sold below listing
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Bedford Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $981 Bedford
    $1,167 Cleveland Metro
    $1,350 United States

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

  • 1.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $925 Rent list price
  • $0.77 Rent list price / sq ft
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