Home Values

Clarence 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

None

  • None 1-year change
  • None 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

Cool

Buyers' Market
Sellers' Market

The median list price per square foot in Clarence is $143, which is higher than the Buffalo Metro average of $98. The median price of homes currently listed in Clarence is $409,900 while the median price of homes that sold is $341,000. The median rent price in Clarence is $15,995.

Foreclosures will be a factor impacting home values in the next several years. In Clarence 1.4 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

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 Clarence is 8.2%, 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 Clarence homeowners underwater on their mortgage is 3.4%.

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Relative ZHVI
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Clarence Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $409,900 Median listing price
  • $341,000 Median sale price
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Clarence Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 3.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Pendleton $179,700
Royalton $129,900
South Lockport $129,400
Name Median ZHVI
Town of Lockport $99,500
 
 

Listings & Sales

Data through Aug 31, 2014
  • $143 Median list price / sq ft
  • $130 Median sale price / sq ft
  • 51.5% Listings with price cut
17.6%
Sold below listing
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Clarence Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,197 Clarence
    $1,204 Buffalo Metro
    $1,328 United States

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

  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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