Home Values

Cranberry Township 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

$284,600

  • 4.9% 1-year change
  • 1.8% 1-year forecast

The median home value in Cranberry Township is $284,600. Cranberry Township home values have gone up 4.9% over the past year and Zillow predicts they will rise 1.8% within the next year. The median rent price in Cranberry Township is $1,350, which is higher than the Pittsburgh Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Cranberry Township 0.8 homes are foreclosed (per 10,000). This is lower than the Pittsburgh Metro value of 2.0 and also lower than the national value of 3.0

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 Cranberry Township 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 Cranberry Township homeowners underwater on their mortgage is 5.9%, which is lower than Pittsburgh Metro at 12.1%.

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Relative ZHVI
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Cranberry Township Market Overview

Data through Mar 31, 2015
  • $284,600 ZHVI
  • 1.8% 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
    (Mar 31, 2016)
  • No data Median listing price
  • $303,005 Median sale price (Feb 28, 2015)
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Cranberry Township Market Health

Data through Mar 31, 2015
  • 9.1/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 5.9% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 0.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

0.8 homes(Sep 30, 2005) Cranberry Township
2 homes Pittsburgh Metro
3 homes United States
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Nearby Cities

Name Median ZHVI
Adams Township $346,100
Marshall Township $315,200
Bradfordwoods $286,500
Name Median ZHVI
Seven Fields $276,300
Jackson Township $209,000
Zelienople $178,400
Name Median ZHVI
New Sewickley Township $155,600
Economy $152,900
Evans City $149,300

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
3.1%
Sold below listing
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Cranberry Township Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,144 Pittsburgh Metro
    $1,362 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,350 Rent list price
  • No data Rent list price / sq ft
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