Home Values

02459 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

$962,000

  • 7.7% 1-year change
  • 1.8% 1-year forecast

The median home value in 02459 is $962,000. 02459 home values have gone up 7.7% over the past year and Zillow predicts they will rise 1.8% within the next year. The median list price per square foot in 02459 is $428, which is higher than the Needham average of $373. The median price of homes currently listed in 02459 is $1,399,000 while the median price of homes that sold is $971,725. The median rent price in 02459 is $2,600, which is higher than the Needham median of $2,555.

Foreclosures will be a factor impacting home values in the next several years. In 02459 1.7 homes are foreclosed (per 10,000). This is greater than the Needham value of 1.0 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 02459 is 0.0%, 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 02459 homeowners underwater on their mortgage is 2.3%, which is lower than Needham at 2.7%.

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Relative ZHVI
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02459 Market Overview

Data through Nov 30, 2014
  • $962,000 ZHVI
  • 1.8% 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)
  • $1,399,000 Median listing price
  • No recent data Median sale price
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02459 Market Health

Data through Nov 30, 2014
  • 8.8/10 Very 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
  • 2.3% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 0.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.7 homes(Sep 30, 2012) 02459
1 home(Sep 30, 2014) Needham
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
02468 $1,174,800
02467 $886,700
02461 $796,600
Name Median ZHVI
02458 $764,600
02460 $753,500
02465 $727,400
Name Median ZHVI
02494 $691,900
02464 $525,800
02132 $457,200

Listings & Sales

Data through Nov 30, 2014
  • $428 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
7.0%
Sold below listing
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02459 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $3,166 02459
    $3,058 Needham
    $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

  • 3.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,600 Rent list price
  • $1.71 Rent list price / sq ft
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