Home Values

Berlin 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

$262,900

  • -0.1% 1-year change
  • 0.7% 1-year forecast

The median home value in Berlin is $262,900. Berlin home values have declined -0.1% over the past year and Zillow predicts they will rise 0.7% within the next year. The median list price per square foot in Berlin is $169, which is higher than the Hartford Metro average of $146. The median price of homes currently listed in Berlin is $276,500 while the median price of homes that sold is $270,400. The median rent price in Berlin is $1,400, which is higher than the Hartford Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Berlin 1.7 homes are foreclosed (per 10,000). This is lower than the Hartford Metro value of 2.1 and also lower than the national value of 4.2

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 Berlin is 3.6%, which is lower 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 Berlin homeowners underwater on their mortgage is 9.9%, which is lower than Hartford Metro at 18.1%.

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Relative ZHVI
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Berlin Market Overview

Data through Nov 30, 2014
  • $262,900 ZHVI
  • 0.7% 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
    (Nov 30, 2015)
  • $276,500 Median listing price
  • $270,400 Median sale price (Oct 31, 2014)
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Berlin Market Health

Data through Nov 30, 2014
  • 6.4/10 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
  • 9.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.6% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes Berlin
2.1 homes Hartford Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Farmington $283,600
Southington $252,400
Rocky Hill $245,400
Name Median ZHVI
Middlefield $231,800
Newington $205,700
Cromwell $200,800
Name Median ZHVI
Plainville $181,600
Meriden $152,600
New Britain $131,300

Listings & Sales

Data through Nov 30, 2014
  • $169 Median list price / sq ft
  • $173 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
21.5%
Sold below listing
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Berlin Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,762 Berlin
    $1,619 Hartford Metro
    $1,342 United States

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

  • 3.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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