Pawcatuck Home Prices & Values

$233,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

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

The median home value in Pawcatuck is $233,600. Pawcatuck home values have declined -1.2% over the past year and Zillow predicts they will rise 1.2% within the next year. The median list price per square foot in Pawcatuck is $167, which is higher than the New London Metro average of $154. The median price of homes currently listed in Pawcatuck is $249,900 while the median price of homes that sold is $238,000. The median rent price in Pawcatuck is $1,000, which is lower than the New London Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Pawcatuck 3.1 homes are foreclosed (per 10,000). This is greater than the New London Metro value of 2.4 and also lower 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 Pawcatuck is 5.6%, which is lower than the national value of 7.2%. 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 Pawcatuck homeowners underwater on their mortgage is 15.1%, which is lower than New London Metro at 23.0%.

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Relative ZHVI
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Pawcatuck Market Overview

Data through Jun 30, 2014
  • $233,600 ZHVI
  • 1.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $249,900 Median listing price
  • No recent data Median sale price
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Pawcatuck Market Health

Data through Jun 30, 2014
  • 1.7/10 Less healthy What's This?  
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    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 of days on Zillow
  • 15.1% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

3.1 homes(Feb 28, 2014) Pawcatuck
2.4 homes New London Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Groton Long Point $659,300 Town of Stonington $393,000 Noank $379,300
Mystic $339,600 Town of Westerly $294,300 North Stonington $231,100
Ashaway $201,500 Ledyard $201,300 Old Mystic $198,700

Listings & Sales

Data through Jun 30, 2014
  • $167 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.2% Listings with price cut
40.7%
Sold below listing
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Pawcatuck Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,464 Pawcatuck
$1,436 New London Metro
$1,310 United States
  • 7.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,000 Rent list price
  • $1.20 Rent list price / sq ft
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