Home Values

Great Valley 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

$114,500

  • 6.7% 1-year change
  • None 1-year forecast

The median home value in Great Valley is $114,500. Great Valley home values have gone up 6.7% over the past year. The median price of homes currently listed in Great Valley is $179,900.

Foreclosures will be a factor impacting home values in the next several years. In Great Valley 10.9 homes are foreclosed (per 10,000). This is 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 Great Valley is 0.0%, which is lower 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 Great Valley homeowners underwater on their mortgage is 11.0%.

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Relative ZHVI
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Great Valley Market Overview

Data through Feb 28, 2015
  • $114,500 ZHVI
  • No data 1-yr forecast
  • $179,900 Median listing price
  • No data Median sale price
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Great Valley Market Health

Data through Feb 28, 2015
  • 7.1/10 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
  • 11.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 0.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Town of Ellicottville $211,600
Town of Allegany $108,900
Ashford $88,900
Name Median ZHVI
Town of Little Valley $67,400
Town of Franklinville $64,400
Town of Olean $58,700
Name Median ZHVI
Town of Salamanca $54,600
 
 

Listings & Sales

Data through Feb 28, 2015
  • $107 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.9% Listings with price cut
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Great Valley Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,550 Great Valley
    $1,404 Olean Metro
    $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

  • 1.0 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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