Home Values

New Salem 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

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in New Salem is $225,000.

Foreclosures will be a factor impacting home values in the next several years. In New Salem 45.9 homes are foreclosed (per 10,000). This is greater than the Springfield Metro value of 1.5 and also greater than the national value of 3.9

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 Salem is 0.0%, which is lower than the national value of 6.3%. 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 Salem homeowners underwater on their mortgage is 9.7%, which is lower than Springfield Metro at 14.4%.

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Relative ZHVI
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New Salem Market Overview

  • No data
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New Salem Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 9.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 0.0% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

45.9 homes(Aug 31, 2014) New Salem
1.5 homes Springfield Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Leverett $304,800
Pelham $291,400
Town of Belchertown $244,700
Name Median ZHVI
Shutesbury $223,700
Petersham $219,500
Town of Ware $172,800
Name Median ZHVI
Erving $171,300
Town of Orange $136,500
Town of Athol $120,500

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 6.2% Listings with price cut
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New Salem Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,676 New Salem
    $1,501 Springfield Metro
    $1,355 United States

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

  • 1.7 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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