Home Values

East Greenwich 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

$348,500

  • 1.5% 1-year change
  • 1.5% 1-year forecast

The median home value in East Greenwich is $348,500. East Greenwich home values have gone up 1.5% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in East Greenwich is $199, which is higher than the Providence Metro average of $174. The median price of homes currently listed in East Greenwich is $419,000 while the median price of homes that sold is $361,550. The median rent price in East Greenwich is $1,400, which is higher than the Providence Metro median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In East Greenwich 3.1 homes are foreclosed (per 10,000). This is lower than the Providence Metro value of 3.3 and also lower than the national value of 4.2

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 East Greenwich is 3.4%, which is lower than the national value of 6.4%. 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 East Greenwich homeowners underwater on their mortgage is 12.6%, which is lower than Providence Metro at 18.0%.

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Relative ZHVI
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East Greenwich Market Overview

Data through Nov 30, 2014
  • $348,500 ZHVI
  • 1.5% 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
    (Nov 30, 2015)
  • $419,000 Median listing price
  • $361,550 Median sale price (Oct 31, 2014)
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East Greenwich Market Health

Data through Nov 30, 2014
  • 3.1/10 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
  • 12.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 3.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

3.1 homes East Greenwich
3.3 homes Providence Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Jamestown $520,700
Exeter $290,500
North Kingstown $276,400
Name Median ZHVI
West Greenwich $269,200
Coventry $200,200
Cranston $192,200
Name Median ZHVI
Johnston $189,500
Warwick $171,300
West Warwick $157,900

Listings & Sales

Data through Nov 30, 2014
  • $199 Median list price / sq ft
  • $192 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
23.4%
Sold below listing
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East Greenwich Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,086 East Greenwich
    $1,518 Providence Metro
    $1,342 United States

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

  • 4.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,400 Rent list price
  • $1.24 Rent list price / sq ft
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