Home Values

Far Hills 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

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Far Hills is $1,495,000.

Foreclosures will be a factor impacting home values in the next several years. In Far Hills 17.8 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 4.0

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 Far Hills is 15.8%, which is higher 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 Far Hills homeowners underwater on their mortgage is 5.1%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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Far Hills Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $1,495,000 Median listing price
  • No data Median sale price
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Far Hills Market Health

Data through Jan 31, 2015
  • No recent data
  • No data Average days on Zillow
  • 5.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

17.8 homes(Mar 31, 2014) Far Hills
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Mendham Township $711,900
Peapack $664,000
Bernardsville $639,700
Name Median ZHVI
Bernards Township $612,200
Chester Township $599,800
Bridgewater $428,800
Name Median ZHVI
Bedminster $344,300
Raritan $324,400
Somerville $278,200

Listings & Sales

  • No data
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Far Hills Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,331 New York Metro
    $1,350 United States

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

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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