02458 Home Prices & Values

$755,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 8.3% 1-year change
  • 1.0% 1-year forecast

The median home value in 02458 is $755,700. 02458 home values have gone up 8.3% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in 02458 is $361, which is lower than the Newton average of $427. The median price of homes currently listed in 02458 is $849,000 while the median price of homes that sold is $952,000. The median rent price in 02458 is $2,200, which is lower than the Newton median of $2,380.

Foreclosures will be a factor impacting home values in the next several years. In 02458 3.0 homes are foreclosed (per 10,000). This is greater than the Newton value of 0.6 and also lower than the national value of 4.4

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 02458 is 0.0%, 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 02458 homeowners underwater on their mortgage is 4.6%, which is higher than Newton at 3.4%.

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Relative ZHVI
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02458 Market Overview

Data through Jul 31, 2014
  • $755,700 ZHVI
  • 1.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $849,000 Median listing price
  • $952,000 Median sale price (Jun 30, 2014)
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02458 Market Health

Data through Jul 31, 2014
  • 7.7/10 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
  • 4.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 0.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
02468 $1,155,700 02459 $940,700 02467 $841,700
02461 $795,300 02478 $791,000 02460 $740,000
02465 $719,600 02472 $447,900 02135 $319,900

Listings & Sales

Data through Jul 31, 2014
  • $361 Median list price / sq ft
  • $439 Median sale price / sq ft (Jun 30, 2014)
  • 28.0% Listings with price cut
10.0%
Sold below listing
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02458 Rentals

Data through Jul 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
$2,675 02458
$2,912 Newton
$1,318 United States
  • 6.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,200 Rent list price
  • $1.70 Rent list price / sq ft
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