02818 Home Prices & Values

$353,300 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

  • 2.1% 1-year change
  • -0.8% 1-year forecast

The median home value in 02818 is $353,300. 02818 home values have gone up 2.1% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in 02818 is $199, which is higher than the East Greenwich average of $198. The median price of homes currently listed in 02818 is $409,999 while the median price of homes that sold is $402,500.

Foreclosures will be a factor impacting home values in the next several years. In 02818 3.9 homes are foreclosed (per 10,000). This is lower than the East Greenwich value of 5.5 and also lower than the national value of 4.4

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 02818 is 4.1%, 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 02818 homeowners underwater on their mortgage is 13.0%, which is the same as East Greenwich at 13.0%.

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Relative ZHVI
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02818 Market Overview

Data through Jul 31, 2014
  • $353,300 ZHVI
  • -0.8% 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

    (Jul 31, 2015)
  • $409,999 Median listing price
  • $402,500 Median sale price (Jun 30, 2014)
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02818 Market Health

Data through Jul 31, 2014
  • 3.4/10 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 days on Zillow
  • 13.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.9 homes 02818
5.5 homes East Greenwich
4.4 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
02874 $371,300 02921 $303,800 02831 $269,800
02852 $266,100 02920 $187,900 02886 $174,300
02888 $165,700 02889 $165,300 02893 $157,500

Listings & Sales

Data through Jul 31, 2014
  • $199 Median list price / sq ft
  • $178 Median sale price / sq ft (Jun 30, 2014)
  • 46.9% Listings with price cut
42.4%
Sold below listing
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02818 Rentals

Data through Jul 31, 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
$1,996 02818
$1,976 East Greenwich
$1,318 United States
  • 4.0 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
  • No data Rent list price / sq ft
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