Home Values

Grove City 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

$135,400

  • 2.1% 1-year change
  • 1.8% 1-year forecast

Market Temperature

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

Cool

Buyers' Market
Sellers' Market

The median home value in Grove City is $135,400. Grove City home values have gone up 2.1% 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 $95, which is lower than the Columbus Metro average of $96. The median price of homes currently listed in Grove City is $173,900 while the median price of homes that sold is $144,200. The median rent price in Grove City is $1,295, which is higher than the Columbus Metro median of $925.

Foreclosures will be a factor impacting home values in the next several years. In Grove City 6.3 homes are foreclosed (per 10,000). This is lower than the Columbus Metro value of 6.7 and also greater than the national value of 4.2

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 4.8%, which is lower 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 Grove City homeowners underwater on their mortgage is 19.8%, which is higher than Columbus Metro at 17.6%.

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Relative ZHVI
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Grove City Market Overview

Data through Nov 30, 2014
  • $135,400 ZHVI
  • 1.8% 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
    (Nov 30, 2015)
  • $173,900 Median listing price
  • $144,200 Median sale price
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Grove City Market Health

Data through Nov 30, 2014
  • 0.6/10 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
  • 19.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.3 homes Grove City
6.7 homes Columbus Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Upper Arlington $344,500
Grandview Heights $303,800
Bexley $278,700
Name Median ZHVI
Hilliard $199,400
Groveport $147,200
Lake Darby $127,500
Name Median ZHVI
Columbus $102,700
Obetz $88,700
Lincoln Village $81,900

Listings & Sales

Data through Nov 30, 2014
  • $95 Median list price / sq ft
  • $88 Median sale price / sq ft
  • No data Listings with price cut
33.3%
Sold below listing
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Grove City Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,257 Grove City
    $1,265 Columbus Metro
    $1,342 United States

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

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,295 Rent list price
  • $0.79 Rent list price / sq ft
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