Home Values

Northbridge 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

$275,900

  • 1.3% 1-year change
  • 1.2% 1-year forecast

The median home value in Northbridge is $275,900. Northbridge home values have gone up 1.3% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Northbridge is $165, which is higher than the Worcester Metro average of $150. The median price of homes currently listed in Northbridge is $387,000 while the median price of homes that sold is $320,000. The median rent price in Northbridge is $1,250, which is higher than the Worcester Metro median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Northbridge 9.5 homes are foreclosed (per 10,000). This is greater than the Worcester Metro value of 5.4 and also greater 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 Northbridge is 9.2%, 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 Northbridge homeowners underwater on their mortgage is 13.6%, which is lower than Worcester Metro at 17.4%.

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Relative ZHVI
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Northbridge Market Overview

Data through Jan 31, 2015
  • $275,900 ZHVI
  • 1.2% 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)
  • $387,000 Median listing price
  • No recent data Median sale price
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Northbridge Market Health

Data through Jan 31, 2015
  • 1.9/10 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
  • 13.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.2% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

9.5 homes(Mar 31, 2014) Northbridge
5.4 homes Worcester Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Upton $417,800
Mendon $375,200
Grafton $310,200
Name Median ZHVI
Sutton $304,300
Upton-West Upton $292,300
Town of Hopedale $268,100
Name Median ZHVI
Uxbridge $258,400
Millville $244,100
Whitinsville $239,500

Listings & Sales

Data through Jan 31, 2015
  • $165 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
49.7%
Sold below listing
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Northbridge Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,808 Northbridge
    $1,494 Worcester Metro
    $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

  • 2.9 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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