Home Values

Derry 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

$88,900

  • -0.2% 1-year change
  • 1.4% 1-year forecast

The median home value in Derry Township is $88,900. Derry Township home values have declined -0.2% over the past year and Zillow predicts they will rise 1.4% within the next year. The median price of homes currently listed in Derry Township is $105,900 while the median price of homes that sold is $86,900.

Foreclosures will be a factor impacting home values in the next several years. In Derry Township 8.2 homes are foreclosed (per 10,000). This is greater than the Pittsburgh Metro value of 2.1 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 Derry Township is 4.0%, 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 Derry Township homeowners underwater on their mortgage is 26.5%, which is higher than Pittsburgh Metro at 10.6%.

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Relative ZHVI
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Derry Township Market Overview

Data through Aug 31, 2014
  • $88,900 ZHVI
  • 1.4% 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
    (Aug 31, 2015)
  • $105,900 Median listing price
  • No recent data Median sale price
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Derry Township Market Health

Data through Aug 31, 2014
  • 3.4/10 Less 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
  • 26.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.2 homes Derry Township
2.1 homes Pittsburgh Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Unity Township $142,900
Ligonier Township $135,200
Lawson Heights $132,000
Name Median ZHVI
Burrell Township $111,500
Mcchesneytown-Loyalhanna $97,300
Loyalhanna Township $96,600
Name Median ZHVI
Fairfield Township $96,400
Latrobe $89,700
 

Listings & Sales

Data through Aug 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 35.3% Listings with price cut
20.0%
Sold below listing
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Derry Township Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,133 Pittsburgh 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

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