Home Values

Old Westbury 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

$1,848,500

  • -2.4% 1-year change
  • 2.5% 1-year forecast

The median home value in Old Westbury is $1,848,500. Old Westbury home values have declined -2.4% over the past year and Zillow predicts they will rise 2.5% within the next year. The median price of homes currently listed in Old Westbury is $2,738,000. The median rent price in Old Westbury is $1,425.

Foreclosures will be a factor impacting home values in the next several years. In Old Westbury 5.5 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.4 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 Old Westbury is 13.3%, which is higher 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 Old Westbury homeowners underwater on their mortgage is 5.4%, which is lower than New York Metro at 14.7%.

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Relative ZHVI
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Old Westbury Market Overview

Data through Aug 31, 2014
  • $1,848,500 ZHVI
  • 2.5% 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)
  • $2,738,000 Median listing price
  • No data Median sale price
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Old Westbury Market Health

Data through Aug 31, 2014
  • 3.1/10 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.
  • No data Average days on Zillow
  • 5.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 13.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.5 homes(Jul 31, 2012) Old Westbury
1.4 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI
Brookville $1,840,000
Old Brookville $1,821,000
East Hills $1,153,300
Name Median ZHVI
East Williston $810,300
Roslyn Heights $769,000
East Garden City $681,900
Name Median ZHVI
Carle Place $431,300
Westbury $386,300
New Cassel $287,400

Listings & Sales

Data through Aug 31, 2014
  • $490 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 45.9% Listings with price cut
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Old Westbury Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $6,410 Old Westbury
    $2,340 New York Metro
    $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

  • 5.7 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 data Rent list price / sq ft
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