Pelham Manor Home Prices & Values

$791,400 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

  • 10.9% 1-year change
  • 4.7% 1-year forecast

Market Temperature: WarmWhat's This?
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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 city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Pelham Manor is $791,400. Pelham Manor home values have gone up 10.9% over the past year and Zillow predicts they will rise 4.7% within the next year. The median list price per square foot in Pelham Manor is $373, which is higher than the New York Metro average of $251. The median price of homes currently listed in Pelham Manor is $875,000 while the median price of homes that sold is $940,000. The median rent price in Pelham Manor is $2,200, which is lower than the New York Metro median of $2,700.

Foreclosures will be a factor impacting home values in the next several years. In Pelham Manor 6.5 homes are foreclosed (per 10,000). This is greater than the New York Metro value of 1.0 and also greater than the national value of 5.0

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 Pelham Manor is 11.4%, which is higher than the national value of 8.0%. 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 Pelham Manor homeowners underwater on their mortgage is 5.9%, which is lower than New York Metro at 16.2%.

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Relative ZHVI
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Pelham Manor Market Overview

Data through Feb 28, 2014
  • $791,400 ZHVI
  • 4.7% 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

    (Feb 28, 2015)
  • $875,000 Median listing price
  • No recent data Median sale price
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Pelham Manor Market Health

Data through Feb 28, 2014
  • 9.8/10 Very 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
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

6.5 homes(Jul 31, 2010) Pelham Manor
1 home New York Metro
5 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Larchmont $1,051,300 Bronxville $785,100 Town of Mamaroneck $635,900
Eastchester $585,800 Pelham $577,500 New Rochelle $575,200
Tuckahoe $494,400 Yonkers $380,600 Mount Vernon $359,600

Listings & Sales

Data through Feb 28, 2014
  • $373 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 32.4% Listings with price cut
45.5%
Sold below listing
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Pelham Manor Rentals

Data through Feb 28, 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
$4,955 Pelham Manor
$2,282 New York Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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