Home Values

North Adams 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

$127,600

  • 2.2% 1-year change
  • 1.5% 1-year forecast

The median home value in North Adams is $127,600. North Adams home values have gone up 2.2% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in North Adams is $85, which is lower than the Pittsfield Metro average of $163. The median price of homes currently listed in North Adams is $129,900 while the median price of homes that sold is $142,500. The median rent price in North Adams is $715.

Foreclosures will be a factor impacting home values in the next several years. In North Adams 5.0 homes are foreclosed (per 10,000). This is greater than the Pittsfield Metro value of 1.5 and also greater 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 North Adams is 4.5%, 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 North Adams homeowners underwater on their mortgage is 12.7%, which is higher than Pittsfield Metro at 12.3%.

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Relative ZHVI
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North Adams Market Overview

Data through Aug 31, 2014
  • $127,600 ZHVI
  • 1.5% 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
    (Aug 31, 2015)
  • $129,900 Median listing price
  • $142,500 Median sale price (Jul 31, 2014)
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North Adams Market Health

Data through Aug 31, 2014
  • 5.4/10 Stable
    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
  • 12.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5 homes(May 31, 2014) North Adams
1.5 homes Pittsfield Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Town of Williamstown $291,000
Lanesboro $201,600
Hancock $201,400
Name Median ZHVI
Cheshire $182,900
Stamford $169,200
Dalton $164,100
Name Median ZHVI
Clarksburg $152,200
Town of Adams $134,300
 

Listings & Sales

Data through Aug 31, 2014
  • $85 Median list price / sq ft
  • $97 Median sale price / sq ft (Jul 31, 2014)
  • 41.2% Listings with price cut
23.5%
Sold below listing
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North Adams Rentals

Data through Aug 31, 2014
  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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