Home Values

Essex County 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

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Essex County is $172, which is lower than the New York Metro average of $251. The median price of homes currently listed in Essex County is $289,000 while the median price of homes that sold is $353,750. The median rent price in Essex County is $1,300, which is lower than the New York Metro median of $2,395.

Foreclosures will be a factor impacting home values in the next several years. In Essex County 0.2 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 4.5

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 Essex County is 28.5%, which is higher than the national value of 6.9%. 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 Essex County homeowners underwater on their mortgage is 22.7%, which is higher than New York Metro at 14.7%.

Read more
Relative ZHVI
- +

Essex County Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $289,000 Median listing price
  • $353,750 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Essex County Market Health

Data through Oct 31, 2014
  • 6.3/10 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.
  • 125 Average days on Zillow (Sep 30, 2014)
  • 22.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 28.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.2 homes Essex County
1.5 homes New York Metro
4.5 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in Essex County

Name Median ZHVI
Essex Fells $871,500
Montclair $568,100
Glen Ridge $558,400
Name Median ZHVI
South Orange $535,200
Caldwell $441,100
Verona $421,100
Name Median ZHVI
West Orange $339,600
Orange $178,800
East Orange $177,300

Listings & Sales

Data through Oct 31, 2014
  • $172 Median list price / sq ft
  • $204 Median sale price / sq ft
  • 31.6% Listings with price cut
27.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Essex County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,796 Essex County
    $2,343 New York Metro
    $1,337 United States

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

  • 3.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,300 Rent list price
  • $1.10 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading