Home Values

Gloversville 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

$57,400

  • -8.3% 1-year change
  • None 1-year forecast

The median home value in Gloversville is $57,400. Gloversville home values have declined -8.3% over the past year. The median list price per square foot in Gloversville is $54, which is lower than the Gloversville Metro average of $86. The median price of homes currently listed in Gloversville is $76,900 while the median price of homes that sold is $57,000. The median rent price in Gloversville is $525, which is lower than the Gloversville Metro median of $600.

Foreclosures will be a factor impacting home values in the next several years. In Gloversville 1.7 homes are foreclosed (per 10,000). This is 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 Gloversville is 13.9%, which is higher than the national value of 6.9%. 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 Gloversville homeowners underwater on their mortgage is 17.4%.

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Relative ZHVI
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Gloversville Market Overview

Data through Sep 30, 2014
  • $57,400 ZHVI
  • No data 1-yr forecast
  • $76,900 Median listing price
  • No recent data Median sale price
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Gloversville Market Health

Data through Sep 30, 2014
  • 1.5/10 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
  • 17.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Northampton $186,400
Caroga $144,700
Perth $144,500
Name Median ZHVI
Town of Mayfield $124,700
Town of Johnstown $93,900
 

Listings & Sales

Data through Sep 30, 2014
  • $54 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 41.4% Listings with price cut
19.8%
Sold below listing
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Gloversville Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,406 Gloversville
    $1,462 Gloversville Metro
    $1,335 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
  • $525 Rent list price
  • No data Rent list price / sq ft
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