Home Values

Norton 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

$281,200

  • 2.3% 1-year change
  • None 1-year forecast

The median home value in Norton is $281,200. Norton home values have gone up 2.3% over the past year. The median list price per square foot in Norton is $189, which is higher than the Providence Metro average of $174. The median price of homes currently listed in Norton is $320,000 while the median price of homes that sold is $282,391. The median rent price in Norton is $1,395, which is higher than the Providence Metro median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Norton 4.5 homes are foreclosed (per 10,000). This is greater than the Providence Metro value of 1.3 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 Norton is 9.3%, 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 Norton homeowners underwater on their mortgage is 12.9%, which is lower than Providence Metro at 18.0%.

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Relative ZHVI
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Norton Market Overview

Data through Dec 31, 2014
  • $281,200 ZHVI
  • No data 1-yr forecast
  • $320,000 Median listing price
  • No recent data Median sale price
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Norton Market Health

Data through Dec 31, 2014
  • 5.1/10 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
  • 12.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

4.5 homes(Nov 30, 2014) Norton
1.3 homes Providence Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Town of Foxborough $377,000
Easton $343,200
Rehoboth $335,500
Name Median ZHVI
Raynham $307,400
Mansfield $288,700
Raynham Center $267,300
Name Median ZHVI
North Attleboro $253,500
Attleboro $243,800
Taunton $226,800

Listings & Sales

Data through Dec 31, 2014
  • $189 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 19.6% Listings with price cut
19.3%
Sold below listing
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Norton Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,716 Norton
    $1,528 Providence Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,395 Rent list price
  • $1.13 Rent list price / sq ft
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