East Meadow Home Prices & Values

$401,700 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

  • 6.3% 1-year change
  • 3.8% 1-year forecast

Market Temperature: CoolWhat'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 city relative to other cities in the same metropolitan area. A particular city 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 East Meadow is $401,700. East Meadow home values have gone up 6.3% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in East Meadow is $288, which is higher than the New York Metro average of $264. The median price of homes currently listed in East Meadow is $439,000 while the median price of homes that sold is $325,000. The median rent price in East Meadow is $1,950, which is lower than the New York Metro median of $2,850.

Foreclosures will be a factor impacting home values in the next several years. In East Meadow 0.6 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.1 and also lower 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 East Meadow is 19.6%, which is higher 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 East Meadow homeowners underwater on their mortgage is 8.9%, which is lower than New York Metro at 15.7%.

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Relative ZHVI
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East Meadow Market Overview

Data through Jun 30, 2014
  • $401,700 ZHVI
  • 3.8% 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

    (Jun 30, 2015)
  • $439,000 Median listing price
  • $325,000 Median sale price
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East Meadow Market Health

Data through Jun 30, 2014
  • 8.7/10 Very 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
  • 8.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 19.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.6 homes(Mar 31, 2014) East Meadow
1.1 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
East Garden City $709,200 Salisbury $536,900 Bellmore $424,700
Hicksville $372,100 Westbury $365,300 Levittown $334,000
New Cassel $278,000 Uniondale $266,000 Roosevelt $261,600

Listings & Sales

Data through Jun 30, 2014
  • $288 Median list price / sq ft
  • $249 Median sale price / sq ft
  • 26.1% Listings with price cut
12.0%
Sold below listing
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East Meadow 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
$2,617 East Meadow
$2,300 New York Metro
$1,310 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)
  • $1,950 Rent list price
  • $2.73 Rent list price / sq ft
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