43015 Home Prices & Values

$169,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4% 1-year change
  • 0.1% 1-year forecast

Market Temperature: NeutralWhat's This?
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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 zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 43015 is $169,000. 43015 home values have gone up 2.4% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in 43015 is $111, which is lower than the Delaware average of $111. The median price of homes currently listed in 43015 is $219,900 while the median price of homes that sold is $165,450.

Foreclosures will be a factor impacting home values in the next several years. In 43015 4.5 homes are foreclosed (per 10,000). This is the same as the Delaware value of 4.5 and also greater 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 43015 is 4.1%, which is lower than the national value of 7.2%. 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 43015 homeowners underwater on their mortgage is 15.9%, which is lower than Delaware at 15.9%.

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Relative ZHVI
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43015 Market Overview

Data through Jun 30, 2014
  • $169,000 ZHVI
  • 0.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $219,900 Median listing price
  • $165,450 Median sale price
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43015 Market Health

Data through Jun 30, 2014
  • 4.3/10 Less healthy What's This?  
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    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 of days on Zillow
  • 15.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.1% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

4.5 homes 43015
4.5 homes Delaware
4.3 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
43021 $325,900 43017 $310,000 43065 $283,700
43035 $253,500 43061 $213,000 43235 $201,800
43066 $174,600 43240 $163,900 43003 $128,000

Listings & Sales

Data through Jun 30, 2014
  • $111 Median list price / sq ft
  • $102 Median sale price / sq ft
  • 30.5% Listings with price cut
27.5%
Sold below listing
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43015 Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,508 43015
$1,523 Delaware
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.89 Rent list price / sq ft
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