Home Values

Pearl River 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

$401,200

  • -1.9% 1-year change
  • -0.4% 1-year forecast

The median home value in Pearl River is $401,200. Pearl River home values have declined -1.9% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Pearl River is $264, which is higher than the New York Metro average of $254. The median price of homes currently listed in Pearl River is $439,000 while the median price of homes that sold is $371,176. The median rent price in Pearl River is $1,650, which is lower than the New York Metro median of $2,300.

Foreclosures will be a factor impacting home values in the next several years. In Pearl River 2.3 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.5 and also lower 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 Pearl River is 7.4%, 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 Pearl River homeowners underwater on their mortgage is 9.9%, which is lower than New York Metro at 13.6%.

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Relative ZHVI
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Pearl River Market Overview

Data through Dec 31, 2014
  • $401,200 ZHVI
  • -0.4% 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
    (Dec 31, 2015)
  • $439,000 Median listing price
  • $371,176 Median sale price (Nov 30, 2014)
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Pearl River Market Health

Data through Dec 31, 2014
  • 5.5/10 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
  • 9.9% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 7.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2.3 homes Pearl River
1.5 homes New York Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Old Tappan $729,500
Woodcliff Lake $693,400
River Vale $571,700
Name Median ZHVI
Montvale $540,300
Park Ridge $478,100
Blauvelt $472,000
Name Median ZHVI
West Nyack $421,800
Chestnut Ridge $402,900
Nanuet $337,800

Listings & Sales

Data through Dec 31, 2014
  • $264 Median list price / sq ft
  • $267 Median sale price / sq ft (Nov 30, 2014)
  • 18.9% Listings with price cut
34.8%
Sold below listing
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Pearl River Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,425 Pearl River
    $2,340 New York 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

  • 4.9 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,650 Rent list price
  • No data Rent list price / sq ft
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