Home Values

New Britain 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

$131,700

  • -0.5% 1-year change
  • -0.3% 1-year forecast

The median home value in New Britain is $131,700. New Britain home values have declined -0.5% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in New Britain is $100, which is lower than the Hartford Metro average of $145. The median price of homes currently listed in New Britain is $129,900 while the median price of homes that sold is $127,100. The median rent price in New Britain is $900, which is lower than the Hartford Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In New Britain 1.8 homes are foreclosed (per 10,000). This is greater than the Hartford Metro value of 0.7 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 New Britain is 10.9%, which is higher 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 New Britain homeowners underwater on their mortgage is 32.0%, which is higher than Hartford Metro at 18.1%.

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Relative ZHVI
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New Britain Market Overview

Data through Dec 31, 2014
  • $131,700 ZHVI
  • -0.3% 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
    (Dec 31, 2015)
  • $129,900 Median listing price
  • $127,100 Median sale price
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New Britain Market Health

Data through Dec 31, 2014
  • 0.9/10 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
  • 32.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.9% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

1.8 homes New Britain
0.7 homes Hartford Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Avon $361,500
West Hartford $296,500
Farmington $284,200
Name Median ZHVI
Berlin $263,900
Southington $253,600
Rocky Hill $242,900
Name Median ZHVI
Wethersfield $241,600
Newington $205,000
Plainville $187,000

Listings & Sales

Data through Dec 31, 2014
  • $100 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 18.6% Listings with price cut
28.9%
Sold below listing
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New Britain Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,297 New Britain
    $1,629 Hartford Metro
    $1,345 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $900 Rent list price
  • $0.88 Rent list price / sq ft
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