Home Values

Glens Falls Metro 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

$153,200

  • -1.9% 1-year change
  • 1.6% 1-year forecast

The median home value in Glens Falls Metro is $153,200. Glens Falls Metro home values have declined -1.9% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Glens Falls Metro is $124, which is lower than the New York average of $180. The median price of homes currently listed in Glens Falls Metro is $195,000 while the median price of homes that sold is $145,500. The median rent price in Glens Falls Metro is $875, which is lower than the New York median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In Glens Falls Metro 5.3 homes are foreclosed (per 10,000). This is greater than the New York value of 1.8 and also greater than the national value of 3.9

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 Glens Falls Metro is 8.9%, which is higher than the national value of 6.3%. 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 Glens Falls Metro homeowners underwater on their mortgage is 16.2%, which is higher than New York at 12.5%.

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Relative ZHVI
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Glens Falls Metro Market Overview

Data through Feb 28, 2015
  • $153,200 ZHVI
  • 1.6% 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
    (Feb 29, 2016)
  • $195,000 Median listing price
  • $145,500 Median sale price (Jan 31, 2015)
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Glens Falls Metro Market Health

Data through Feb 28, 2015
  • 4.3/10 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
  • 16.2% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.9% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

5.3 homes(Jan 31, 2015) Glens Falls Metro
1.8 homes New York
3.9 homes United States
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Cities in Glens Falls Metro

Name Median ZHVI
Queensbury $251,400
Glens Falls North $191,400
West Glens Falls $148,900
Name Median ZHVI
Town of Fort Ann $143,000
Glens Falls $133,200
Kingsbury $133,000
Name Median ZHVI
Hudson Falls $110,700
Town of Granville $103,500
Town of Fort Edward $99,700

Listings & Sales

Data through Feb 28, 2015
  • $124 Median list price / sq ft
  • $104 Median sale price / sq ft (Jan 31, 2015)
  • 7.8% Listings with price cut
33.3%
Sold below listing
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Glens Falls Metro Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,710 Glens Falls Metro
    $1,919 New York
    $1,355 United States

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

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $875 Rent list price
  • No data Rent list price / sq ft
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