Mordecai Home Prices & Values

$263,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.5% 1-year change
  • 3.7% 1-year forecast

The median home value in Mordecai is $263,800. Mordecai home values have gone up 7.5% over the past year and Zillow predicts they will rise 3.7% within the next year. The median list price per square foot in Mordecai is $186, which is higher than the Raleigh average of $115. The median price of homes currently listed in Mordecai is $283,000 while the median price of homes that sold is $239,706. The median rent price in Mordecai is $1,250, which is higher than the Raleigh median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Mordecai 4.9 homes are foreclosed (per 10,000). This is greater than the Raleigh value of 4.3 and also greater than the national value of 4.4

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Relative ZHVI
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Mordecai Market Overview

Data through Jul 31, 2014
  • $263,800 ZHVI
  • 3.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $283,000 Median listing price
  • No recent data Median sale price
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Mordecai Market Health

Data through Jul 31, 2014
  • 5.6/10 Healthy What's This?  
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    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
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

4.9 homes(Jul 31, 2013) Mordecai
4.3 homes Raleigh
4.4 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Glenwood $524,800 Wade $384,600 Five Points $326,300
Six Forks $316,300 Hillsborough $213,600 Central $182,900
North Central $177,300 East Raleigh $125,300 South Central $107,400

Listings & Sales

Data through Jul 31, 2014
  • $186 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 36.8% Listings with price cut
27.3%
Sold below listing
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Mordecai Rentals

Data through Jul 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
$1,352 Mordecai
$1,298 Raleigh
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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