Home Values

10956 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

$423,900

  • -4.4% 1-year change
  • -2.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

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Buyers' Market
Sellers' Market

The median home value in 10956 is $423,900. 10956 home values have declined -4.4% over the past year and Zillow predicts they will fall -2.2% within the next year. The median list price per square foot in 10956 is $241, which is higher than the Mount Ivy average of $152. The median price of homes currently listed in 10956 is $485,000 while the median price of homes that sold is $481,000.

Foreclosures will be a factor impacting home values in the next several years. In 10956 0.6 homes are foreclosed (per 10,000). This is lower than the Mount Ivy value of 12.4 and also lower than the national value of 4.0

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 10956 is 15.2%, 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 10956 homeowners underwater on their mortgage is 12.1%, which is lower than Mount Ivy at 21.4%.

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Relative ZHVI
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10956 Market Overview

Data through Sep 30, 2014
  • $423,900 ZHVI
  • -2.2% 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
    (Sep 30, 2015)
  • $485,000 Median listing price
  • $481,000 Median sale price
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10956 Market Health

Data through Sep 30, 2014
  • 2.2/10 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
  • 12.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 15.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.6 homes(Aug 31, 2014) 10956
12.4 homes(Aug 31, 2014) Mount Ivy
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
10994 $421,600
10970 $387,700
10920 $358,400
Name Median ZHVI
10954 $335,000
10989 $327,100
10984 $321,700
Name Median ZHVI
10980 $291,800
10923 $282,800
10993 $195,200

Listings & Sales

Data through Sep 30, 2014
  • $241 Median list price / sq ft
  • $214 Median sale price / sq ft
  • 54.8% Listings with price cut
22.0%
Sold below listing
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10956 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $2,735 10956
    $2,294 Mount Ivy
    $1,335 United States

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

  • 4.7 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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