Home Values

Butternuts 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

$116,700

  • 16.2% 1-year change
  • None 1-year forecast

The median home value in Butternuts is $116,700. Butternuts home values have gone up 16.2% over the past year. The median price of homes currently listed in Butternuts is $159,000.

Foreclosures will be a factor impacting home values in the next several years. In Butternuts 433.0 homes are foreclosed (per 10,000). This is greater than the national value of 4.5

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 Butternuts is 7.7%, which is higher 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 Butternuts homeowners underwater on their mortgage is 21.0%.

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Relative ZHVI
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Butternuts Market Overview

Data through Oct 31, 2014
  • $116,700 ZHVI
  • No data 1-yr forecast
  • $159,000 Median listing price
  • No data Median sale price
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Butternuts Market Health

Data through Oct 31, 2014
  • 8.3/10 Very 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
  • 21.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
West End $121,400
Town of Otego $117,200
Town of Oneonta $112,000
Name Median ZHVI
Town of Laurens $105,800
Town of Bainbridge $86,800
North Norwich $85,600
Name Median ZHVI
Guilford $84,700
Town of New Berlin $80,400
Town of Norwich $80,000

Listings & Sales

Data through Oct 31, 2014
  • $99 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 27.6% Listings with price cut
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Butternuts Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,506 Butternuts
    $1,505 Oneonta Metro
    $1,337 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)
  • No data Rent list price
  • No data Rent list price / sq ft
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