Groveton Home Prices & Values

$445,700 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

  • 10.0% 1-year change
  • 3.3% 1-year forecast

Market Temperature: Very HotWhat'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 Groveton is $445,700. Groveton home values have gone up 10.0% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Groveton is $295, which is higher than the Washington Metro average of $212. The median price of homes currently listed in Groveton is $449,998 while the median price of homes that sold is $417,400. The median rent price in Groveton is $1,900, which is lower than the Washington Metro median of $1,919.

Foreclosures will be a factor impacting home values in the next several years. In Groveton 2.2 homes are foreclosed (per 10,000). This is lower than the Washington Metro value of 3.4 and also lower than the national value of 4.3

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Relative ZHVI
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Groveton Market Overview

Data through Jun 30, 2014
  • $445,700 ZHVI
  • 3.3% 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

    (Jun 30, 2015)
  • $449,998 Median listing price
  • $417,400 Median sale price
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Groveton Market Health

Data through Jun 30, 2014
  • 8.7/10 Very 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 data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

2.2 homes(May 31, 2014) Groveton
3.4 homes Washington Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Fort Hunt $670,800 Rose Hill $472,100 Alexandria $471,700
Lincolnia $450,200 Hybla Valley $430,400 Franconia $430,300
Mount Vernon $375,600 Belle Haven $335,500 Huntington $311,300

Listings & Sales

Data through Jun 30, 2014
  • $295 Median list price / sq ft
  • $287 Median sale price / sq ft
  • 28.4% Listings with price cut
19.7%
Sold below listing
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Groveton Rentals

Data through Jun 30, 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
$2,237 Groveton
$2,063 Washington Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,900 Rent list price
  • $1.81 Rent list price / sq ft
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