$125,000 House For Sale
2 bed, 1.0 bath, 884 sqft
The median home value in Newberry Springs is $126,900. Newberry Springs home values have gone up 10.6% over the past year and Zillow predicts they will rise 12.7% within the next year. The median price of homes currently listed in Newberry Springs is $98,000.
Foreclosures will be a factor impacting home values in the next several years. In Newberry Springs 39.8 homes are foreclosed (per 10,000). This is greater than the Riverside Metro value of 5.2 and also greater than the national value of 4.4
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 Newberry Springs homeowners underwater on their mortgage is 33.0%, which is higher than Riverside Metro at 18.0%.more
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.
Homes foreclosed (per 10,000)