Home Values

07823 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

$206,600

  • 9.4% 1-year change
  • 2.6% 1-year forecast

The median home value in 07823 is $206,600. 07823 home values have gone up 9.4% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in 07823 is $115, which is lower than the Liberty Township average of $122. The median price of homes currently listed in 07823 is $154,900 while the median price of homes that sold is $186,000. The median rent price in 07823 is $1,100.

Foreclosures will be a factor impacting home values in the next several years. In 07823 3.4 homes are foreclosed (per 10,000). This is lower than the Liberty Township value of 6.5 and also 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 07823 is 14.9%, which is higher 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 07823 homeowners underwater on their mortgage is 21.5%, which is higher than Liberty Township at 17.1%.

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Relative ZHVI
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07823 Market Overview

Data through Jan 31, 2015
  • $206,600 ZHVI
  • 2.6% 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
    (Jan 31, 2016)
  • $154,900 Median listing price
  • No recent data Median sale price
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07823 Market Health

Data through Jan 31, 2015
  • 6.5/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 21.5% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 14.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Zip Codes

Name Median ZHVI
08802 $345,700
08886 $274,200
07838 $257,400
Name Median ZHVI
07865 $249,300
07832 $246,600
18343 $216,300
Name Median ZHVI
07863 $211,900
07882 $204,200
18013 $158,800

Listings & Sales

Data through Jan 31, 2015
  • $115 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
15.7%
Sold below listing
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07823 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,667 07823
    $1,802 Liberty Township
    $1,350 United States

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

  • 1.6 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 recent data Rent list price
  • No data Rent list price / sq ft
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