Home Values

11229 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

$558,400

  • 1.5% 1-year change
  • -0.2% 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

Cold

Buyers' Market
Sellers' Market

The median home value in 11229 is $558,400. 11229 home values have gone up 1.5% over the past year and Zillow predicts they will fall -0.2% within the next year. The median list price per square foot in 11229 is $304, which is lower than the New York average of $627. The median price of homes currently listed in 11229 is $279,000 while the median price of homes that sold is $291,475. The median rent price in 11229 is $1,625, which is lower than the New York median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In 11229 0.7 homes are foreclosed (per 10,000). This is greater than the New York value of 0.4 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 11229 is 12.3%, 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 11229 homeowners underwater on their mortgage is 6.2%, which is lower than New York at 10.5%.

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Relative ZHVI
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11229 Market Overview

Data through Jan 31, 2015
  • $558,400 ZHVI
  • -0.2% 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
    (Jan 31, 2016)
  • $279,000 Median listing price
  • $291,475 Median sale price
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11229 Market Health

Data through Jan 31, 2015
  • 2.2/10 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.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 6.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 12.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes(Apr 30, 2014) 11229
0.4 homes New York
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
11230 $828,100
11204 $713,200
11226 $641,000
Name Median ZHVI
11210 $615,900
11214 $593,800
11235 $588,600
Name Median ZHVI
11234 $457,800
11224 $438,600
11203 $386,800

Listings & Sales

Data through Jan 31, 2015
  • $304 Median list price / sq ft
  • $385 Median sale price / sq ft
  • No data Listings with price cut
7.0%
Sold below listing
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11229 Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $2,078 11229
    $2,209 New York
    $1,350 United States

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

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,625 Rent list price
  • $1.65 Rent list price / sq ft
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