Home Values

Long 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

$345,300

  • 4.1% 1-year change
  • 0.9% 1-year forecast

The median home value in Long Valley is $345,300. Long Valley home values have gone up 4.1% over the past year and Zillow predicts they will rise 0.9% within the next year. The median list price per square foot in Long Valley is $175, which is lower than the New York Metro average of $251. The median price of homes currently listed in Long Valley is $499,000 while the median price of homes that sold is $387,500.

Foreclosures will be a factor impacting home values in the next several years. In Long Valley 1.3 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.5 and also lower 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 Long Valley is 16.7%, 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 Long Valley homeowners underwater on their mortgage is 6.6%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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Long Valley Market Overview

Data through Nov 30, 2014
  • $345,300 ZHVI
  • 0.9% 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)
  • $499,000 Median listing price
  • $387,500 Median sale price (Oct 31, 2014)
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Long Valley Market Health

Data through Nov 30, 2014
  • 2.8/10 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
  • 6.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 16.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.3 homes(Sep 30, 2014) Long Valley
1.5 homes New York Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Tewksbury Township $630,300
Chester Township $616,800
Washington Township $453,800
Name Median ZHVI
Mt Olive Township $326,600
Lebanon Township $324,400
Budd Lake $269,000
Name Median ZHVI
Hackettstown $247,700
Beatyestown $245,000
Independence Township $224,600

Listings & Sales

Data through Nov 30, 2014
  • $175 Median list price / sq ft
  • $176 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
24.2%
Sold below listing
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Long Valley Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,456 Long Valley
    $2,329 New York 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

  • 1.9 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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