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

$115,400

  • 3.4% 1-year change
  • None 1-year forecast

The median home value in Butternuts is $115,400. Butternuts home values have gone up 3.4% over the past year. The median price of homes currently listed in Butternuts is $195,000.

Foreclosures will be a factor impacting home values in the next several years. In Butternuts 424.1 homes are foreclosed (per 10,000). This is greater than the national value of 3.9

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 0.0%, which is lower than the national value of 6.3%. 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 16.7%.

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Relative ZHVI
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Butternuts Market Overview

Data through Feb 28, 2015
  • $115,400 ZHVI
  • No data 1-yr forecast
  • $195,000 Median listing price
  • No data Median sale price
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Butternuts Market Health

Data through Feb 28, 2015
  • 4.8/10 Stable
    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
  • 16.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 0.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Town of Otego $114,600
West End $113,900
Town of Laurens $106,000
Name Median ZHVI
Edmeston $94,200
North Norwich $83,700
Guilford $79,400
Name Median ZHVI
Town of Bainbridge $78,300
Town of Norwich $76,100
Town of New Berlin $75,800

Listings & Sales

Data through Feb 28, 2015
  • $107 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.7% Listings with price cut
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Butternuts Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,482 Butternuts
    $1,467 Oneonta Metro
    $1,355 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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