Grove City Home Prices & Values

$130,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.7% 1-year change
  • 1.8% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Grove City is $130,700. Grove City home values have gone up 5.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in Grove City is $90, which is lower than the Columbus Metro average of $91. The median price of homes currently listed in Grove City is $149,900 while the median price of homes that sold is $129,510.

Foreclosures will be a factor impacting home values in the next several years. In Grove City 8.3 homes are foreclosed (per 10,000). This is greater than the Columbus Metro value of 7.4 and also greater than the national value of 5.0

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 Grove City is 6.5%, which is lower than the national value of 8.0%. 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 Grove City homeowners underwater on their mortgage is 22.6%, which is higher than Columbus Metro at 21.6%.

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Relative ZHVI
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Grove City Market Overview

Data through Feb 28, 2014
  • $130,700 ZHVI
  • 1.8% 1-yr forecast What's This?  
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    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 28, 2015)
  • $149,900 Median listing price
  • $129,510 Median sale price
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Grove City Market Health

Data through Feb 28, 2014
  • 1.6/10 Less healthy What's This?  
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    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 of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

8.3 homes Grove City
7.4 homes Columbus Metro
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Upper Arlington $329,900 Grandview Heights $285,200 Bexley $266,800
Hilliard $194,200 Groveport $135,500 Lake Darby $124,900
Columbus $97,600 Obetz $86,300 Lincoln Village $77,000

Listings & Sales

Data through Feb 28, 2014
  • $90 Median list price / sq ft
  • $88 Median sale price / sq ft
  • 31.1% Listings with price cut
27.6%
Sold below listing
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Grove City Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,221 Grove City
$1,220 Columbus Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $0.77 Rent list price / sq ft
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