Home Values

Ludlow 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

$195,500

  • -0.9% 1-year change
  • 0.6% 1-year forecast

The median home value in Ludlow is $195,500. Ludlow home values have declined -0.9% over the past year and Zillow predicts they will rise 0.6% within the next year. The median list price per square foot in Ludlow is $145, which is higher than the Springfield Metro average of $139. The median price of homes currently listed in Ludlow is $214,500 while the median price of homes that sold is $202,692. The median rent price in Ludlow is $950, which is lower than the Springfield Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Ludlow 0.8 homes are foreclosed (per 10,000). This is lower than the Springfield Metro value of 2.4 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 Ludlow is 6.2%, 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 Ludlow homeowners underwater on their mortgage is 11.3%, which is lower than Springfield Metro at 13.5%.

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Relative ZHVI
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Ludlow Market Overview

Data through Nov 30, 2014
  • $195,500 ZHVI
  • 0.6% 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
    (Nov 30, 2015)
  • $214,500 Median listing price
  • $202,692 Median sale price (Oct 31, 2014)
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Ludlow Market Health

Data through Nov 30, 2014
  • 1.4/10 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
  • 11.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.8 homes(Oct 31, 2014) Ludlow
2.4 homes Springfield Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Town of Wilbraham $263,100
Town of Belchertown $257,500
Hampden $249,600
Name Median ZHVI
East Longmeadow $231,400
Town of Granby $217,300
South Hadley $204,700
Name Median ZHVI
Chicopee $160,500
Three Rivers $158,900
Springfield $126,400

Listings & Sales

Data through Nov 30, 2014
  • $145 Median list price / sq ft
  • $142 Median sale price / sq ft (Oct 31, 2014)
  • No data Listings with price cut
21.5%
Sold below listing
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Ludlow Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,458 Ludlow
    $1,471 Springfield 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

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $950 Rent list price
  • $0.98 Rent list price / sq ft (Oct 31, 2014)
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