10016 Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

Market Temperature: Very HotWhat's This?
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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

Buyers' Market Sellers' Market

The median list price per square foot in 10016 is $1,374, which is higher than the New York average of $497. The median price of homes currently listed in 10016 is $895,000 while the median price of homes that sold is $691,850. The median rent price in 10016 is $3,500, which is higher than the New York median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In 10016 0.4 homes are foreclosed (per 10,000). This is the same as the New York value of 0.4 and also lower than the national value of 4.3

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 10016 is 5.2%, which is lower 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 10016 homeowners underwater on their mortgage is 9.9%, which is lower than New York at 10.2%.

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Relative ZHVI
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10016 Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $895,000 Median listing price
  • $691,850 Median sale price
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10016 Market Health

Data through Aug 31, 2014
  • 9.7/10 Very healthy What's This?  
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    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
  • 9.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.4 homes(Jul 31, 2014) 10016
0.4 homes New York
4.3 homes United States
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US Metro Areas

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Los Angeles Metro $532,600 New York Metro $378,200 Washington Metro $358,000
Miami-Fort Lauderdale Metro $203,800 Philadelphia Metro $199,100 Chicago Metro $185,800
Atlanta Metro $150,700 Houston Metro $150,000 Dallas-Fort Worth Metro $147,000

Listings & Sales

Data through Aug 31, 2014
  • $1,374 Median list price / sq ft
  • $1,183 Median sale price / sq ft
  • 18.6% Listings with price cut
4.2%
Sold below listing
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10016 Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$3,724 10016
$2,174 New York
$1,328 United States
  • No data Breakeven horizon
  • $3,500 Rent list price
  • $5.21 Rent list price / sq ft
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