Montauk Home Prices & Values

$808,000 Zillow Home Value Index What's This?  
Close

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

  • 2.3% 1-year change
  • 0.8% 1-year forecast

The median home value in Montauk is $808,000. Montauk home values have gone up 2.3% over the past year and Zillow predicts they will rise 0.8% within the next year. The median price of homes currently listed in Montauk is $1,299,500 while the median price of homes that sold is $754,615. The median rent price in Montauk is $30,000, which is higher than the New York Metro median of $2,795.

Foreclosures will be a factor impacting home values in the next several years. In Montauk 1.4 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.1 and also lower than the national value of 4.8

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 Montauk is 0.0%, which is lower than the national value of 7.2%. 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 Montauk homeowners underwater on their mortgage is 3.1%, which is lower than New York Metro at 15.7%.

more
Relative ZHVI
- +

Montauk Market Overview

Data through May 31, 2014
  • $808,000 ZHVI
  • 0.8% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $1,299,500 Median listing price
  • No recent data Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading

Montauk Market Health

Data through May 31, 2014
  • 8.5/10 Very healthy What's This?  
    Close

    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
  • 3.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 0.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.4 homes(Aug 31, 2013) Montauk
1.1 homes New York Metro
4.8 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Sagaponack $5,252,300 East Hampton $2,391,600 Amagansett $1,694,100
North Haven $1,369,300 Fishers Island $1,133,800 Sag Harbor $879,300
Orient $738,400 Town of Shelter Island $737,900 Noyack $736,900

Listings & Sales

Data through May 31, 2014
  • $648 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 7.1% Listings with price cut
4.2%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading

Montauk Rentals

Data through May 31, 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
$2,297 New York Metro
$1,310 United States
  • No data Breakeven horizon
  • $30,000 Rent list price
  • $15.62 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

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

loading