Pittsboro Home Prices & Values

$241,600 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

  • 3.3% 1-year change
  • 3.5% 1-year forecast

The median home value in Pittsboro is $241,600. Pittsboro home values have gone up 3.3% over the past year and Zillow predicts they will rise 3.5% within the next year. The median list price per square foot in Pittsboro is $138, which is higher than the Durham Metro average of $126. The median price of homes currently listed in Pittsboro is $382,075 while the median price of homes that sold is $249,450. The median rent price in Pittsboro is $1,350, which is higher than the Durham Metro median of $1,100.

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 Pittsboro 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 Pittsboro homeowners underwater on their mortgage is 7.6%, which is lower than Durham Metro at 11.2%.

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Relative ZHVI
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Pittsboro Market Overview

Data through Aug 31, 2014
  • $241,600 ZHVI
  • 3.5% 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

    (Aug 31, 2015)
  • $382,075 Median listing price
  • $249,450 Median sale price
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Pittsboro Market Health

Data through Aug 31, 2014
  • 9.6/10 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 days on Zillow
  • 7.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 1.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Chapel Hill $333,100 Apex $261,800 Carrboro $223,700
Moncure $197,900 Bear Creek $148,900 Snow Camp $143,900
Sanford $133,200 Goldston $129,700 Siler City $120,800

Listings & Sales

Data through Aug 31, 2014
  • $138 Median list price / sq ft
  • $131 Median sale price / sq ft
  • 40.8% Listings with price cut
19.5%
Sold below listing
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Pittsboro Rentals

Data through Aug 31, 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
$1,374 Pittsboro
$1,295 Durham Metro
$1,328 United States
  • 2.8 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, 2014)
  • $1,350 Rent list price
  • No data Rent list price / sq ft
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