Home Values

New City 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

$421,900

  • -5.5% 1-year change
  • -2.8% 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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cold

Buyers' Market
Sellers' Market

The median home value in New City is $421,900. New City home values have declined -5.5% over the past year and Zillow predicts they will fall -2.8% within the next year. The median list price per square foot in New City is $241, which is lower than the New York Metro average of $251. The median price of homes currently listed in New City is $479,000 while the median price of homes that sold is $476,910.

Foreclosures will be a factor impacting home values in the next several years. In New City 0.6 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 1.5 and also lower than the national value of 4.5

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 City 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 New City homeowners underwater on their mortgage is 12.1%, which is lower than New York Metro at 14.7%.

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Relative ZHVI
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New City Market Overview

Data through Oct 31, 2014
  • $421,900 ZHVI
  • -2.8% 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
    (Oct 31, 2015)
  • $479,000 Median listing price
  • $476,910 Median sale price
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New City Market Health

Data through Oct 31, 2014
  • 1.8/10 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) New City
1.5 homes New York Metro
4.5 homes United States
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Nearby Cities

Name Median ZHVI
Pomona $441,700
West Nyack $422,100
Congers $373,000
Name Median ZHVI
Nanuet $336,800
Valley Cottage $321,600
Thiells $306,200
Name Median ZHVI
Mount Ivy $295,800
Hillcrest $294,400
West Haverstraw $218,800

Listings & Sales

Data through Oct 31, 2014
  • $241 Median list price / sq ft
  • $217 Median sale price / sq ft
  • 53.8% Listings with price cut
23.4%
Sold below listing
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New City Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,746 New City
    $2,343 New York Metro
    $1,337 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
  • $1.57 Rent list price / sq ft
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