Home Values

Glassboro 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

$175,200

  • 7.7% 1-year change
  • 2.8% 1-year forecast

The median home value in Glassboro is $175,200. Glassboro home values have gone up 7.7% over the past year and Zillow predicts they will rise 2.8% within the next year. The median list price per square foot in Glassboro is $111, which is lower than the Philadelphia Metro average of $126. The median price of homes currently listed in Glassboro is $179,900 while the median price of homes that sold is $165,000. The median rent price in Glassboro is $1,800, which is higher than the Philadelphia Metro median of $1,300.

Foreclosures will be a factor impacting home values in the next several years. In Glassboro 1.1 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 3.1 and also lower 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 Glassboro is 15.1%, 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 Glassboro homeowners underwater on their mortgage is 20.8%, which is higher than Philadelphia Metro at 18.1%.

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Relative ZHVI
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Glassboro Market Overview

Data through Jan 31, 2015
  • $175,200 ZHVI
  • 2.8% 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
    (Jan 31, 2016)
  • $179,900 Median listing price
  • $165,000 Median sale price (Dec 31, 2014)
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Glassboro Market Health

Data through Jan 31, 2015
  • 5.4/10 Stable
    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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 20.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.1 homes(Dec 31, 2014) Glassboro
3.1 homes Philadelphia Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Harrison Township $347,400
Wenonah $262,400
Turnersville $250,700
Name Median ZHVI
Washington Township $215,500
Elk Township $197,800
Mantua $194,100
Name Median ZHVI
Pitman $165,700
Clayton $152,300
Blackwood $143,700

Listings & Sales

Data through Jan 31, 2015
  • $111 Median list price / sq ft
  • $103 Median sale price / sq ft (Dec 31, 2014)
  • No data Listings with price cut
17.6%
Sold below listing
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Glassboro Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,743 Glassboro
    $1,546 Philadelphia 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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,800 Rent list price
  • No data Rent list price / sq ft
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