Home Values

Carmel 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

$314,100

  • 0.7% 1-year change
  • -0.8% 1-year forecast

The median home value in Carmel is $314,100. Carmel home values have gone up 0.7% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in Carmel is $212, which is lower than the New York Metro average of $251. The median price of homes currently listed in Carmel is $374,800 while the median price of homes that sold is $342,208. The median rent price in Carmel is $1,750, which is lower than the New York Metro median of $2,350.

Foreclosures will be a factor impacting home values in the next several years. In Carmel 5.7 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also greater 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 Carmel is 13.0%, 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 Carmel homeowners underwater on their mortgage is 18.4%, which is higher than New York Metro at 13.6%.

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Relative ZHVI
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Carmel Market Overview

Data through Nov 30, 2014
  • $314,100 ZHVI
  • -0.8% 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)
  • $374,800 Median listing price
  • $342,208 Median sale price (Oct 31, 2014)
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Carmel Market Health

Data through Nov 30, 2014
  • 1.5/10 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.
  • No data Average days on Zillow
  • 18.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 13.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.7 homes Carmel
1.5 homes New York Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Somers Town $589,700
Lincolndale $430,200
Heritage Hills $359,100
Name Median ZHVI
Jefferson Valley-Yorktown $342,900
Putnam Valley $324,300
Mahopac $315,000
Name Median ZHVI
Shenorock $298,000
Kent Lakes $287,800
Carmel Hamlet $268,700

Listings & Sales

Data through Nov 30, 2014
  • $212 Median list price / sq ft
  • $229 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
10.8%
Sold below listing
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Carmel Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,128 Carmel
    $2,329 New York 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

  • 3.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,750 Rent list price (Sep 30, 2014)
  • No recent data Rent list price / sq ft
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