Norcross Home Prices & Values

$109,600 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

  • 18.5% 1-year change
  • 5.3% 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 city relative to other cities in the same metropolitan area. A particular city 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 home value in Norcross is $109,600. Norcross home values have gone up 18.5% over the past year and Zillow predicts they will rise 5.3% within the next year. The median list price per square foot in Norcross is $80, which is lower than the Atlanta Metro average of $90. The median price of homes currently listed in Norcross is $129,900 while the median price of homes that sold is $113,900.

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 Norcross is 5.1%, which is lower than the national value of 8.0%. 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 Norcross homeowners underwater on their mortgage is 37.4%, which is higher than Atlanta Metro at 35.0%.

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Relative ZHVI
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Norcross Market Overview

Data through Feb 28, 2014
  • $109,600 ZHVI
  • 5.3% 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

    (Feb 28, 2015)
  • $129,900 Median listing price
  • $113,900 Median sale price
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Norcross Market Health

Data through Feb 28, 2014
  • 2.9/10 Less 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 of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Berkeley Lake $369,500 Dunwoody $359,500 Johns Creek $310,300
Chamblee $254,000 Duluth $204,800 Tucker $155,100
Lilburn $152,600 Doraville $118,100 Clarkston $92,700

Listings & Sales

Data through Feb 28, 2014
  • $80 Median list price / sq ft
  • $78 Median sale price / sq ft
  • 23.5% Listings with price cut
40.7%
Sold below listing
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Norcross Rentals

Data through Feb 28, 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
$1,162 Norcross
$1,188 Atlanta Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $0.69 Rent list price / sq ft
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