Home Values

Centreville 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

$380,700

  • 2.4% 1-year change
  • -0.4% 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

Warm

Buyers' Market
Sellers' Market

The median home value in Centreville is $380,700. Centreville home values have gone up 2.4% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Centreville is $244, which is higher than the Washington Metro average of $207. The median price of homes currently listed in Centreville is $399,000 while the median price of homes that sold is $377,300. The median rent price in Centreville is $1,800, which is lower than the Washington Metro median of $1,900.

Foreclosures will be a factor impacting home values in the next several years. In Centreville 2.6 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 2.1 and also lower 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 Centreville is 2.9%, which is lower 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 Centreville homeowners underwater on their mortgage is 12.1%, which is lower than Washington Metro at 19.3%.

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Relative ZHVI
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Centreville Market Overview

Data through Sep 30, 2014
  • $380,700 ZHVI
  • -0.4% 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
    (Sep 30, 2015)
  • $399,000 Median listing price
  • $377,300 Median sale price
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Centreville Market Health

Data through Sep 30, 2014
  • 7.5/10 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
  • 12.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 2.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.6 homes Centreville
2.1 homes Washington Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Clifton $636,100
Chantilly $496,100
Manassas $270,100
Name Median ZHVI
Loch Lomond $256,000
Manassas Park $253,300
Yorkshire $247,600
Name Median ZHVI
Sudley $243,500
West Gate $239,400
Bull Run $208,000

Listings & Sales

Data through Sep 30, 2014
  • $244 Median list price / sq ft
  • $235 Median sale price / sq ft
  • 48.6% Listings with price cut
22.2%
Sold below listing
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Centreville Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,077 Centreville
    $2,093 Washington Metro
    $1,335 United States

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

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price
  • $1.38 Rent list price / sq ft
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