Home Values

East Norwich 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

$614,900

  • 7.5% 1-year change
  • 2.4% 1-year forecast

The median home value in East Norwich is $614,900. East Norwich home values have gone up 7.5% over the past year and Zillow predicts they will rise 2.4% within the next year. The median price of homes currently listed in East Norwich is $679,000.

Foreclosures will be a factor impacting home values in the next several years. In East Norwich 10.7 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also greater 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 Norwich is 4.5%, 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 Norwich homeowners underwater on their mortgage is 4.9%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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East Norwich Market Overview

Data through Nov 30, 2014
  • $614,900 ZHVI
  • 2.4% 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
    (Nov 30, 2015)
  • $679,000 Median listing price
  • No data Median sale price
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East Norwich Market Health

Data through Nov 30, 2014
  • 8.6/10 Very 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
  • 4.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

10.7 homes(Jun 30, 2010) East Norwich
1.5 homes New York Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Brookville $1,880,100
Upper Brookville $1,747,900
Oyster Bay Cove $1,483,000
Name Median ZHVI
Muttontown $1,424,500
Laurel Hollow $1,412,800
Jericho $722,700
Name Median ZHVI
Syosset $600,100
Oyster Bay $593,800
Locust Valley $544,300

Listings & Sales

Data through Nov 30, 2014
  • $360 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
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East Norwich Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $3,142 East Norwich
    $2,329 New York 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

  • 3.3 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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