Home Values

35124 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

$168,400

  • 2.7% 1-year change
  • 2.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in 35124 is $168,400. 35124 home values have gone up 2.7% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in 35124 is $122, which is higher than the Pelham average of $120. The median price of homes currently listed in 35124 is $234,900 while the median price of homes that sold is $166,784. The median rent price in 35124 is $1,150, which is lower than the Pelham median of $1,195.

Foreclosures will be a factor impacting home values in the next several years. In 35124 7.7 homes are foreclosed (per 10,000). This is lower than the Pelham value of 8.4 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 35124 is 1.3%, which is lower 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 35124 homeowners underwater on their mortgage is 15.9%, which is the same as Pelham at 15.9%.

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Relative ZHVI
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35124 Market Overview

Data through Sep 30, 2014
  • $168,400 ZHVI
  • 2.9% 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
    (Sep 30, 2015)
  • $234,900 Median listing price
  • $166,784 Median sale price
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35124 Market Health

Data through Sep 30, 2014
  • 2.5/10 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
  • 15.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

7.7 homes 35124
8.4 homes Pelham
4 homes United States
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Nearby Zip Codes

Name Median ZHVI
35242 $305,100
35243 $283,200
35244 $255,300
Name Median ZHVI
35216 $225,600
35226 $220,600
35043 $213,200
Name Median ZHVI
35114 $184,200
35080 $161,100
35007 $145,500

Listings & Sales

Data through Sep 30, 2014
  • $122 Median list price / sq ft
  • $117 Median sale price / sq ft
  • 38.2% Listings with price cut
24.0%
Sold below listing
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35124 Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,327 35124
    $1,305 Pelham
    $1,335 United States

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

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,150 Rent list price
  • No data Rent list price / sq ft
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