Home Values

Ocean Parkway 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

$821,600

  • 17.4% 1-year change
  • 6.7% 1-year forecast

The median home value in Ocean Parkway is $821,600. Ocean Parkway home values have gone up 17.4% over the past year and Zillow predicts they will rise 6.7% within the next year. The median list price per square foot in Ocean Parkway is $319, which is lower than the New York average of $497. The median price of homes currently listed in Ocean Parkway is $269,000 while the median price of homes that sold is $281,500. The median rent price in Ocean Parkway is $1,550, which is lower than the New York median of $2,400.

Foreclosures will be a factor impacting home values in the next several years. In Ocean Parkway 1.6 homes are foreclosed (per 10,000). This is greater than the New York value of 0.4 and also lower than the national value of 4.3

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Relative ZHVI
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Ocean Parkway Market Overview

Data through Aug 31, 2014
  • $821,600 ZHVI
  • 6.7% 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)
  • $269,000 Median listing price
  • No recent data Median sale price
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Ocean Parkway Market Health

Data through Aug 31, 2014
  • 9.9/10 Very 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.
  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)

Homes foreclosed (per 10,000)

1.6 homes(Jul 31, 2013) Ocean Parkway
0.4 homes New York
4.3 homes United States
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Nearby Neighborhoods

Name Median ZHVI
Windsor Terrace $851,400
Flatbush $829,000
Gravesend $748,900
Name Median ZHVI
Midwood $740,600
Kensington $736,600
New Utrecht $696,400
Name Median ZHVI
Bensonhurst $656,800
Homecrest $628,700
Bath Beach $565,200

Listings & Sales

Data through Aug 31, 2014
  • $319 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 16.5% Listings with price cut
21.4%
Sold below listing
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Ocean Parkway Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,339 Ocean Parkway
    $2,174 New York
    $1,328 United States

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

  • 2.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,550 Rent list price
  • No data Rent list price / sq ft
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