Home Values

Chesnee 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

$112,800

  • 4.2% 1-year change
  • 2.8% 1-year forecast

The median home value in Chesnee is $112,800. Chesnee home values have gone up 4.2% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Chesnee is $92, which is higher than the Spartanburg Metro average of $82. The median price of homes currently listed in Chesnee is $139,000 while the median price of homes that sold is $118,515.

Foreclosures will be a factor impacting home values in the next several years. In Chesnee 6.7 homes are foreclosed (per 10,000). This is greater than the Spartanburg Metro value of 4.3 and also greater 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 Chesnee is 4.3%, 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 Chesnee homeowners underwater on their mortgage is 11.9%, which is lower than Spartanburg Metro at 13.2%.

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Relative ZHVI
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Chesnee Market Overview

Data through Sep 30, 2014
  • $112,800 ZHVI
  • 2.8% 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
    (Sep 30, 2015)
  • $139,000 Median listing price
  • No recent data Median sale price
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Chesnee Market Health

Data through Sep 30, 2014
  • 5.1/10 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
  • 11.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

6.7 homes Chesnee
4.3 homes Spartanburg Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Campobello $145,100
Inman $129,400
Boiling Springs $122,000
Name Median ZHVI
Lyman $96,500
Spartanburg $89,900
Cowpens $76,900
Name Median ZHVI
Wellford $63,700
 
 

Listings & Sales

Data through Sep 30, 2014
  • $92 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 38.8% Listings with price cut
24.1%
Sold below listing
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Chesnee Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $937 Chesnee
    $985 Spartanburg 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

  • 1.6 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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