Home Values

21774 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

$345,800

  • 4.9% 1-year change
  • 0.3% 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

Very Hot

Buyers' Market
Sellers' Market

The median home value in 21774 is $345,800. 21774 home values have gone up 4.9% over the past year and Zillow predicts they will rise 0.3% within the next year. The median list price per square foot in 21774 is $164, which is higher than the New Market average of $163. The median price of homes currently listed in 21774 is $389,900 while the median price of homes that sold is $338,525.

Foreclosures will be a factor impacting home values in the next several years. In 21774 8.8 homes are foreclosed (per 10,000). This is the same as the New Market value of 8.8 and also greater 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 21774 is 7.7%, 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 21774 homeowners underwater on their mortgage is 15.4%, which is the same as New Market at 15.4%.

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Relative ZHVI
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21774 Market Overview

Data through Nov 30, 2014
  • $345,800 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
    (Nov 30, 2015)
  • $389,900 Median listing price
  • $338,525 Median sale price
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21774 Market Health

Data through Nov 30, 2014
  • 2.7/10 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
  • 15.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

8.8 homes 21774
8.8 homes New Market
4.2 homes United States
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Nearby Zip Codes

Name Median ZHVI
21754 $431,400
20871 $425,300
21704 $405,900
Name Median ZHVI
21771 $383,100
21770 $359,700
20872 $343,500
Name Median ZHVI
21798 $296,600
21793 $268,600
21701 $249,300

Listings & Sales

Data through Nov 30, 2014
  • $164 Median list price / sq ft
  • $157 Median sale price / sq ft
  • No data Listings with price cut
17.0%
Sold below listing
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21774 Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,043 21774
    $2,038 New Market
    $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

  • 4.0 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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